The Montecito Market Movement

Posted on Sep 28, 2012

2012 started off as a good year in the Montecito Real Estate Market, the first 6 months far surpassing previous recent years in terms of sales volume. Some say this was the economy getting better, others said people had held off long enough and now was time to buy. We were seeing a $10,000,000+ home […]

Home Prices Rebound to 2003 Levels

Posted on Sep 26, 2012

More great market news came through yesterday: According to S&P/Case-Shiller, in July, the average home price rose to the same level as those seen during summer 2003, when the housing boom first started its journey toward the 2006 peak. While this may not signify that we are currently standing on the cusp of a market […]

Buying A Home Is 45% Cheaper than Renting

Posted on Sep 13, 2012

You can save hundreds of dollars a month by buying a home instead of renting ­ especially if you can get today’s low mortgage rates, itemize your tax deductions and plan to live there for 7 years. The most important housing decision that most consumers face is whether to rent or to buy. So to help […]

3 Montecito Best Buys on the Same Street

Posted on Sep 8, 2012

Just a block from the famous San Ysidro Ranch hotel, is a private lane, VIA MANANA. There are currently 3 listings on this street that have made my best buys pick list. Each home is different in style but all are similar in price, thus offering a range of choice for a buyer looking in […]

Legal Matters: Purchasing a Timeshare

Posted on Sep 7, 2012

Numerous factors should be taken into account prior to purchasing a timeshare. A review of the background of the seller, developer, and management company, along with a review of the current maintenance budget, will assist the prospective seller in making an informed decision. Local real estate agents, Better Business Bureaus, and consumer protection offices also […]

Student Loan Debt Crisis Linked to Lower Home Values

Posted on Sep 5, 2012

New analysis of government data by the National Association of Home Builders (NAHB) reveals a connection between rising student loan debt and the onset of the housing slump, and offers yet another example of how lower home values have hurt millions of middle class households and threatens the fragile economic recovery. “The rising student loan […]