loader from loading.io

The HOP (Home Ownership Podcast) Episode 90

The Hop

Release Date: 03/31/2022

Sell your House Now, or Wait a Year? show art Sell your House Now, or Wait a Year?

The Hop

The HOP (Home Ownership Podcast) Episode 102: Hosted by of Village Properties. Santa Barbara has been a bit warmer than usual with temperatures in the 80's and very little June gloom, which is often prevalent this time of year. Interest rates remained steady with 30 - year jumbo loans at 4.875 and 30- year fixed loans at 5.625%. Sales stats were also almost the same as last week with 45 new listings, 17 price drops, 29 properties closed, 23 pending and 7 coming soon. David notes that there has definitely been a shift in the market, with fewer multiple offers and properties taking longer to...

info_outline
The Housing Market Already Responds to Higher Interest Rates show art The Housing Market Already Responds to Higher Interest Rates

The Hop

The HOP (Home Ownership Podcast) Episode 101: The BIG NEWS is that the FEDs have raised interest rates, up to 5% for 30-year jumbo loans and 5.625% for 30-year fixed conforming loans. This hike in interest rates is already affecting the real estate market. As the interest rates continue to rise, some buyers may be reluctant to take out loans and cash buyers might not have to pay as steep of a price to purchase a home. This last week there were 46 new listings, 17 prices were lowered, 31 coming soon, 28 pending and 4 listings expired. If you'd like to talk to David about buying or selling...

info_outline
Interest Rates Creep up--Still a Limited Supply of Homes for Sale show art Interest Rates Creep up--Still a Limited Supply of Homes for Sale

The Hop

The HOP (Home Ownership Podcast) Episode 100: The early summer weather is beautiful, from the mid-70's to the low 80's and there is some fun surf to be had! Buyer demand may be waning a bit and this week, there were 40 New Listings, 32 Pending Sales, and 9 Price Changes. At the end of the show, David & Patti discuss their fur babies and talk about a Japanese theme Dog Park--Tsukuba Wan Wan, where people can play with all sorts of dogs. To contact host ot the HOP, email [email protected] or call 805-617-9311.

info_outline
Special Considerations when Building in Santa Barbara show art Special Considerations when Building in Santa Barbara

The Hop

The HOP (Home Ownership Podcast) Episode 99: Last week in Santa Barbara, there were 45 new listings and 36 pending sales--so while inventory is still low, there was some buildup in supply. While there are still multiple offers, they are now seen most often on the mose desireable listings. David discussed buying land to build your home. Santa Barbara is unique because there isn't much land available and building permits are stringent. Update! Moose (David's big puppy) is fully recovered from his recent bee sting. You can call David at 805-617-9311 or email [email protected]

info_outline
The HOP (Home Ownership Podcast) Episode 98:  Market Showing Signs of a Slow-Down show art The HOP (Home Ownership Podcast) Episode 98: Market Showing Signs of a Slow-Down

The Hop

The HOP (Home Ownership Podcast) Episode 98: Statistics reveal that the Santa Barbara market is cooling down a bit. This week there were 14 price drops and not many huge overbids. David also discusses the many industries that are affected, (from construction to service Industries) when the real estate market slows down. He also touches on the type of buyer that is likely to gain from purchasing during an inflation. Lastly, on the Fur Babies at Home segment, David talks about his big puppy Moose--who was stung by a bee and had a frightening reaction. You can email David at...

info_outline
Several Price Drops may Indicate the Start of a Market Correction show art Several Price Drops may Indicate the Start of a Market Correction

The Hop

The HOP (Home Ownership Podcast) Episode 97: David Charles Allen gives the latest interest rates and Santa Barbara Real Estate Stats. This week, there were 44 new listings and 49 pending sales, reducing the number of homes available for sale. There were 14 price changes and many of them can be accounted for by price drops on properties in the 1.5-million-dollar price range. It's too soon to tell with certainty, but it may signal the start of a correction in the market. David and Patti discuss the news that Oregon buyers can now send personal letters to the sellers of a house when they're...

info_outline
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]

info_outline
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...

info_outline
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...

info_outline
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.  

info_outline
 
More Episodes

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.  The questionable strategy of listing a house under its value in order to start a bidding war was discussed.  As always, Patti and David end the show with shared stories about their fur-babies.  David invites you to contact him by email at [email protected] or call him at 805-617-9311.