The Hop

David Charles Allen ( https://www.davidcharlesallen.com ) reviews Santa Barbara's real estate in 2022.  The first half of the year was a hot, hot market for sellers.  Inventory was very low; often there were only 150 – 200 properties for sale. There were multiple offers, often over the asking price, on just about any property.  Interest rates shot up and down throughout the year and at times were...

The HOP (Home Ownership Podcast) Episode 121 Hosted by Village Properties Realtor, David Charles Allen https://www.davidcharlesallen.com David reports that there has been plenty of rain and waves over the holidays, making the surfers happy! Typically, real estate is slow over the holidays because people are busy preparing for and celebrating the holidays. Even so, the market remained active, altho...

The HOP (Home Ownership Podcast) Episode 120 with Village Properties Realtor, David Charles Allen. https://www.davidcharlesallen.com As usual, David reports on the latest interest rates and sales stats in Santa Barbara and then he and Patti discuss the pros and cons of purchasing a townhouse or condo, versus a house. To contact David, email him at david@davidcharlesallen.com or call 805-617-9311.

HOP (Home Ownership Podcast) Episode 119 Village Properties Realtor and Host of the HOP, David Charles Allen After reviewing the interest rates and Santa Barbara Real Estate stats, David reminds listeners that different lenders can affect the terms of your loan. He says that while it's wise to call around to try to get a better rate, it's important to understand that if your credit is run repeated...

The HOP (Home Ownership Podcast) Episode 118 David Charles Allen , Host of the HOP and Village Properties Realtor: After reviewing the latest interest rates and real estate stats in Santa Barbara, David explains why high home prices and rising interest rates may inevitably lead to fewer home buyers and more renters in Santa Barbara. To contact David, email david@davidcharlesallen.com or cal 805-61...

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...

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 cor...

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...

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 w...

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...

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...

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 ro...

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. http...

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 h...

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 m...

The HOP (Home Ownership Podcast) Episode 107, Hosted by David Charles Allen, Village Properties Realtor. Last week interest rates remained the same at 4.375% for 30 - year jumbo loans and 4.875% for 30 - year conforming loans. Regarding the sales stats, there were 30 new listings, 15 price changes, 21 closed, 41 pending, 4 expired, and 4 coming soon. David feels that the fact that interest rates r...

he HOP (Home Ownership Podcast) Episode 106: Hosted by Village Properties Realtor, David Charles Allen. In this episode, David reviews the interest rates and sales stats before discussing things to consider when purchasing investment properties as rental income. Interest rates were down a bit with jumbo 30-year loans at 4.375% and conforming 30-year loans at 4.875%. Regarding the sales stats, the...

The HOP (Home Ownership Podcast) Episode 105: For the last couple of years, it has definitely been a Sellers Market but Village Properties Realtor and host of the HOP ( David Charles Allen) , feels that the market is becoming a little more balanced. Houses are sitting on the market a little longer and there are more price drops. Interest rates continue to fluctuate. Currently, 30 year fixed jumbo...

The HOP (Home Ownership Podcast) Episode 104: It was a beautiful week in Santa Barbara with temperature in the 70's. Surfers may be in for a treat as a South Swell may be coming. Interest rates have been up and down. Currently 30-year jumbo loans are at 4.625% and 30-year conforming loans are at 5.5%. Last week there were 47 new listings, 14 price changes, 26 pending sales, 3 expired listings, 25...

The HOP (Home Ownership Podcast) Episode 103:  Village Properties Realtor and host of the HOP, David Charles Allen , gives the latest Santa Barbara Real Estate Stats.  Last week. there were 40 new listings, 12 price changes, 36 coming soon, 24 pending and 10 expired listings.  Surprisingly, interest rates dropped from almost 6 per percent to below 5 percent. Interest rates on thirty-year fixed loa...

The HOP (Home Ownership Podcast) Episode 102: Hosted by David Charles Allen 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 wee...

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 pric...

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...

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 availabl...

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 du...