8 Points on the Expanding Economy and the Housing MARKET

SBLJune2016

We are excited to bring you the latest stats for Santa Barbara real estate. Mark Schneipp, the Director of the California Economic Forecast recently spoke at our monthly meeting of the Multiple Listing Service. There has been so much talk about the economy and the recent decision of Great Britain to leave the European Union.  No one knows what the repercussions will be, but Mark pointed out the following regarding the overall economy in the United States:

ECONOMY EXPANDING + INTEREST RATES STAYING LOW= STEADY & TIGHT HOUSING MARKET

1. The economy is expanding (as opposed to declining or in recession)

2. There is no loss of economic momentum in fact we are growing

3. There is full employment

4. Low interest rates continue

5. Inflation is low

6. There is a tight housing market

7. Housing market steady – no significant increase/decrease in activity

8. Overall the probability of a recession is low

Residential Real Estate Update

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RESIDENTIAL Jan 1- May 31 2015 vs 2016

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CONDOS MAY 2016 VS MAY 2015

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We would like to thank the SBAOR and Coldwell Banker for providing us with our information. As always, if you are thinking of buying or selling, or know someone who is, please think of us and make sure you check out our current listings, our SB Open House Guide, which is updated daily, and more from our blog and facebook. Sign up for our monthly newsletter for more in-depth info today.
Thank you!
Kellie & Randy
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