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 putting in a bid, while it's still not allowed in California. As always, the show closes with a fun discussion about David and Patti's fur-babies. You can email David at [email protected] or give him a call at 805-617-9311.

The HOP (Home Ownership Podcast) Episode 96 with David Charles Allen: 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]

The HOP (Home Ownership Podcast) Episode 94: Village Properties Realtor, David Charles Allen, 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 home. Patti and David end the show with a discussion about their beloved fur-babies. If you'd like to talk to David in person, call 805-617-9311 or email him at [email protected]

Hosted by Village Properties Realtor, David Charles Allen. 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 [email protected] or cal 805-617-9311.

Hosted by Village Properties Realtor, David Charles Allen: 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 if buying a house makes you happy and you can afford it, then it's the right time for you to purchase a home. Patti asks David about the stiff competition that realtors face with so few houses on the market and so many realtors and David discusses the importance of being trustworthy and knowlegable. To contact David, call 805-617-9311 or email [email protected]

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 their own answers. If you'd like to contact David Charles Allen, you can call him at 805-617-9311 or email [email protected]

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.

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 contact David Charles Allen, call 805-617-9311 or email [email protected]

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.