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The HOP (Home Ownership Podcast) Episode 62: Interest Rates Remain Low & Housing Demand Slows Slightly

The Hop

Release Date: 08/30/2021

Factors that Bring on a Recession & how it Affects Real Estate show art Factors that Bring on a Recession & how it Affects Real Estate

The Hop

The HOP (Home Ownership Podcast) Episode 96 with : David reports on interest rates and the latest Santa Barbara sales stats. This week, there are 54 new listings, more than there have been in months. Jumbo 30 - year loans are at 4.875% and Conforming 30 - year fixed loans are at 5.125% David also discusses factors that could lead to a recession and how it would affect the housing market. Call David at 805-617-9311 or email [email protected]

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The HOP (Home Ownership Podcast) Episode 95:  Higher Interet Rates Could Sideline First-Time Buyers show art The HOP (Home Ownership Podcast) Episode 95: Higher Interet Rates Could Sideline First-Time Buyers

The Hop

, Village Properties Realtor, and host of the HOP, shares the Santa Barbara sales stats and latest interest rates.  Thirty-year fixed jumbo loans are up to 4.5% and 30-year conforming loans rose to 5.125%.   Higher interest rates affect first-time homebuyers the most.  David reviews other towns and cities within an hour drive of Santa Barbara, discusses their affordability,  and gives his pick for the neighborhood in SB that he thinks, in the long-term, will go up in value the most.  He also reports on a new trend in Santa Barbara and across the country, to sell a...

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Buyers Need to Get their Financial Ducks in Order Before Shopping for their New Home show art Buyers Need to Get their Financial Ducks in Order Before Shopping for their New Home

The Hop

The HOP (Home Ownership Podcast) Episode 94: Village Properties Realtor, , advises buyers to be prepared before they start shopping for their next home. Santa Barbara continues to have a low supply of inventory and a big demand. If you need a loan, it can be tough to compete. Sellers often prefer a cash offer becaus it can close quickly without contingencies. However, if you need a loan, all is not lost. The first step is to go to a lender you trust. Also, there are lenders that can help you to put together an offer that is essentially the same as a cash offer--especially if you already own a...

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The HOP (Home Ownership Podcast) Episode 93-Short Term Rentals in Santa Barbara show art The HOP (Home Ownership Podcast) Episode 93-Short Term Rentals in Santa Barbara

The Hop

Hosted by Village Properties Realtor, .  Interest rates contine to rise; 30 year jumbo loans are at 4.25% and 30-year conforming loans reach 5%.  This week, there were 43 new listings and 28 pending sales.  Bidding wars continue and houses continue to sell for over the asking price.  David answers a question from his co-host about considerations when purchasing a home to be used as a short-term rental.  If you're interested in learning more about real estate in Santa Barbara email David at or cal 805-617-9311.  

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The HOP (Home Ownership Podcast) Episode 92: Rising Interest Rates not Deterring Home Buyers show art The HOP (Home Ownership Podcast) Episode 92: Rising Interest Rates not Deterring Home Buyers

The Hop

Hosted by Village Properties Realtor, : There were 47 new listings this week in Santa Barbara and 31 properties closed.  Interest rates continued to creep up with 30-year fixed conforming loans at 4.75% and 30-year jumbo loans at 4%.  Many buyers are worried that interest rates will continue to rise and are more determined than ever to purchase a home asap. While houses have appreciated dramatically over the course of the past two years, David points out that historically, they are likely to continue to appreciate, albeit at a slower rate.   He also reminds listeners that...

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The HOP (Home Ownership Podcast) Episode 91:  Things your Real Estate Agent Can't Tell You show art The HOP (Home Ownership Podcast) Episode 91: Things your Real Estate Agent Can't Tell You

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Santa Barbara had a heat wave with highs close to 90 degrees but there were a couple of good swells, so surfers and other water lovers had fun cooling down at the beach.  30 - year fixed loans rose to 4.625% and jumbo loans remained at 4%.  There were only 37 new listings and 11 of those were sold off market.  With almost 2,000 real estate agents in Santa Barbara, there's tremendous competition!  David answered Patti's question about the things that real estate agents are not allowed to tell their clients but his advice is to empower buyers by giving them the tools to find...

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The HOP (Home Ownership Podcast) Episode 90 show art The HOP (Home Ownership Podcast) Episode 90

The Hop

This week, Santa Barbara weather was in the mid-60's and 70's. Residents enjoyed some well-needed rain and good surf.  Interest rates stayed the same, at 4.5% for 30-year conforming loans and 4% for 30-year non-conforming loans.  Thirty-seven homes closed this week and six of them were off-market listings.  Typically, this time of year there would be 50-60 new listings, so the number of available properties for sale is extremely low.  David talked about the importance of realtors and brokers being transparent, guiding their clients but never making decisions for them. ...

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Rewards & Risks of Flipping Property in Santa Barbara show art Rewards & Risks of Flipping Property in Santa Barbara

The Hop

The HOP (Home Ownership Podcast) Episode 89: Warm weather and fun swells continue to draw people to beautiful Santa Barbara. Host, David Charles Allen, reports that there were 41 new listings this week and 25 % of them sold off-market. This makes it even more difficult for the average person who is searching for a home to purchase. Interest rates rose again--up to 4.5 % for 30 - year fixed and 4 % for 30 - year jumbo loans. In this episode David discusses the challenges and rewards of flipping properties in Santa Barbara and as always The HOP closes with an update on David's fur babies. To...

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Interest Rates Rise with No Gain in Supply show art Interest Rates Rise with No Gain in Supply

The Hop

The HOP (Home Ownership Podcast) Episode 88: Host of the HOP, Village Properties realtor, David Charles Allen, said that Santa Barbarans have been enjoying beautiful spring weather with temperatures in the 60's and 70s. There have also been decent swells to make surfers happy. Interest rates rose significatntly, up to 4.25% for 30 - year conforming loans and 3.75% for 30 - year jumbo loans. In Santa Barbara, there were 35 new listings, 35 properties closed, and 32 are pending. David and Patti discussed the trend to go off grid with solar energy and wells.

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Buying and Selling Properties Off-Market show art Buying and Selling Properties Off-Market

The Hop

The HOP Episode 87: This week, interest rates remained basically the same with 30-year jumbo loans at 3.375% and 30-year fixed loans at 3.875%. There was still no real significant build up of inventory with 43 new listings and 45 homes that closed. David Charles Allen discussed programs that might help first time home buyers to get into a home as well as the benefits and pitfalls of those programs. He also talked about the significant number of homes that have been selling off-market in Santa Barbara and why this option might appeal to some buyers and sellers. To learn more about real estate...

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More Episodes

Village Property Realtor, David Charles Allen, reports on the Santa Barbara surf and gives the latest real estate stats. Interest rates remain low and the housing demand slows down slightly. In the Pooches at Home segment, co-host Patti Teel reports on life in her own Dog House, with her 9-month old Granddog, (a Golden Retriever named Riley.) For information about real estate in Santa Barbara, contact [email protected] or call 805-617-9311