National averages don’t always mirror local numbers. The Standard & Poor’s CoreLogic Case-Shiller national home price index shows a 5.8 per cent spike in February, the most in past few years.
But in Santa Barbara John Bahura of Village Properties said Santa Barbara South Coast home prices have dipped a bit in the first quarter, but they are expected to rise in the final three quarters of the year.
Inventory locally and nationwide is low. Realtors said Americans who don’t need to move for jobs are holding onto homes longer. The number of houses for sale are at a 20-year low.
The articles are for information purposes only and Precise Investors shall not be held responsible for any errors, omissions or inaccuracies within it. Any rules or regulations mentioned within the website are those relevant at the time of publication and may not be the most up-to-date.
Precise Investors does not endorse any of the products or services that appear on it or are linked to it and are not liable for any action that you may take as a result of the content of this website, or losses or damage you may incur doing so.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.
Please remember that investments of any type may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.