author Call Us: (805) 563-4074

Global: Real Estate Market Boom

  • June 24, 2013
  • Blog
  • 0

There is a great transition in real the real estate market. We see signs all over here in Santa Barbara where prices are increasing, inventory is low, and mortgage rates are still extremely attractive. Is there a “global” real estate market boom? Let’s take a look at what is going on.

According to a NuWire Investment News article consider the following:

  • Pending sales have been above a year ago sales for 24 months now
  • Home values this year are expected to rise to their highest level in 5 years
  • The National Association of Realtors is expecting existing median home prices to rise 8% this year
  • New housing starts are up

Although spottier, commercial real estate values are also seeing gains. There are sounds of new construction, and those of us in the business are actually seeing bidding wars on desired properties.

Without question the market has changed dramatically, even in just the last 6 months. For those of us in the Santa Barbara area, we are in one of the areas in the epicenter of this changing world real estate market.

Want help in taking advantage of it? Call me. I’m Karen Spechler of Coldwell Banker Real Estate and I can help orchestrate your next move!

Related posts

  • Blog

Boost Your Home Value with Improvements for Every Budget

You landed a new job and find yourself planning a cross-country move in three months. Or, maybe you...

Continue reading
  • Blog

Karen Spechler to Perform with the Santa Barbara City College Symphony Orchestra

Come listen to Karen play her cello with the Santa Barbara City College Symphony Orchestra on...

Continue reading
  • Blog

7 Credit Score Myths Even Shrewd Home Buyers Fall For

That small balance you keep on your credit card? Not helping at all. Forty percent of us think...

Continue reading