The Hop

The HOP (Home Ownership Podcast) Episode 117: Hosted by David Charles , Village Properties Realtor in Santa Barbara. David reports on the latest interest rates and Santa Barbara real estate stats. He then discusses Open House Etiquette and the importance of choosing the right agent and brokerage. Desireable homes in Santa Barbara are still selling quickly for their asking price or more. As long as supplies remain low, home prices are likely to stay high. If you'd like to contact David, you can call him at 805-617-9311 or email [email protected]

The HOP (Home Ownership Podcast) Episode 116: Village Properties Realtor and host of the HOP, David Charles Allen, reviews the lates interest rates and sales stats. Thirty-year jumbo loans are at 5.75 % and thirty-year confroming loans are at 6.75 %. This week, there were very few new listings or houses coming soon. David discussed a number of topics including the importance of pricing a home correctly, contingencies, and purchasing in 'good faith.' Don't miss this informative episode. You can email David at [email protected] or call him at 805-617-9311.

The HOP (Home Ownership Podcast) Episode 115: Village Properties Realtor, David Charles Allen, gives the latest interest rates and sales stats in Santa Barbara. Interest rates rose slightly; up to 6.75 % for 30-year conforming loans and 5.625% for 30-year jumbo loans. Regarding the latest sales stats, there were only 16 new listings in Santa Barbara with five listings coming soon. Patti and David discuss Hurricane Ian and David says that while home values usually come back within a couple of years after a natural disaster, insurance companies may raise rates or pull out of the area, causing a big problem for homeowners. For more information about Santa Barbara real estate, email David at [email protected] or call 805-617-9311.

The HOP (Home Ownership Podcast) Episode 114: Hosted by David Charles Allen, Village Properties Realtor in Santa Barbara, CA.. Interest rates for 30-year jumbo loans are at 5.375% and 30-year conforming loans are now 6.375%. David noted that these higher rates are impacting affordability, and people's ability to purchase a home. With a limited number of homes for sale (only 29 new listings this week in Santa Barbara), ideal properties are continuing to sell quickly for the full asking price while those that are less desireable are having to drop their prices. Email David at [email protected] or call 805-617-9311.

The HOP (Home Ownership Podcast) Epidosde 113

Hosted by Village Properties Realtor, David Charles Allen. Interest rates continue to rise and new listings are down. Here are last week's stats: 25 new listings, 24 price changes, 18 closed, 21 pending, 1 expired and 2 coming soon. Interest rates spiked to 5.5% for 30-year jumbo loans and 6.375 for 30-year conforming. David reports that homes that are desireable are still selling quickly, often with multiple offers. However, homes that are considered less desireable due to location or those needing work are often having to lower their prices. Please feel free to email David at [email protected] or call him at 805-617-9311.

The HOP (Home Ownership Podcast) Episode 112, Hosted by Village Properties Realtor, David Charles Allen.

In this episode, David reports on the latest interest rates and sales stats before discussing how an economy downturn could affect the housing market. While large investors could actually benefit from an economy downturn with lower housing prices (especially if they're cash buyers), it won't be beneficial for others. For instance, those who bought their homes when interest rates were at their lowest, are unlikely to want to sell their homes as they'll get less for their money when they go to buy their next home. Also, if prices on homes and interest rates stay high, it will be difficult if not impossible, for the average family to buy a home--potentially locking them into a future of renting. He reminds us that house values are based on supply and demand. As long as there is a limited supply of properties for sale, there will be a high demand and prices are likely to remain high. To contact David, email him at [email protected] or call 805-617-9311

The HOP (Home Ownership Podcast) Episode 111: Hosted by David Charles Allen of Village Properties. As so often happens this time of the year, Santa Barbara has had a heat wave and one day last week it even made it up to the triple digits!! This has caused the ocean water to warm up and there's been a bit of a south swell--as Santa Barbaran's enjoy swimming in the ocean. Interest rates last week rose to 5% for jumbo loans and 5.75% for 30-year conforming loans. Last week, there were 24 new listings, 12 price changes, 31 closings, 18 pending, 12 expired listings and 4 coming soon. With the inventory so low, it can be tough for people looking for a property in Santa Barbara. For more information about real estate in Santa Barbara, email [email protected] or call David at 805-617-9311.

The HOP (Home Ownership Podcast) Episode 110: The weather in Santa Barbara heats up while interest rates remain the same with 30 - year jumbo loans at 4.75% and 30 - year conforming at 5.375%. There were 33 new listings and 41 properties that closed, so there was no buildup of supply. David discusses the pros and cons of pocket listings and explains the upside and downside of pocket listings. https://www.davidcharlesallen.com

The HOP (Home Ownership Podcast) Episode 109: Hosted by Village Properties Realtor, David Charles Allen. David reviews the interest rates and Santa Barbara sales stats. Interest rates didn't change too much this week; 30 - year jumbo loans are at 4.75% and 30 - year conforming loans are at 5.375%.

David discusses the trend of large hedge funds to purchase large developments of single-family homes and turn them into rental properties. He points out that this could potentially manipulate the market and promised to keep listeners posted.

In Santa Barbara last week there were 38 new listings, 19 price drops, 31 pending, and 3 listings which are coming soon. Homes that are desireable and that are priced right are still getting multiple offers, some over the asking price. Less favorable homes are having to adjust their prices or they'll sit on the market.

Lastly, David discusses how to pick a realtor and recommends getting a recommendation from someone you trust.

You can call David at 805-617-9311 or email him at [email protected]

The HOP (Home Ownership Podcast) Episode 108: Hosted by Village Properties Realtor, David Charlles Allen. Sellers in Santa Barbara don't seem very motivated to sell right now. Last week, thee were only 25 new listings and 17 price drops. Because interest rates are up, someone who sells their home may have a hard time finding a replacement home that is as nice as the one they had, without paying more each month. For more information about the real estate market in Santa Barbara, email [email protected] or call 805-617-9311.