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The Fed Doesn’t Control Home Loan Rates

Most people confuse a "Fed rate cut” with a decrease in home loan rates. When the Fed lowers rates, they can only lower the Fed Funds Rate, which is an overnight lending rate between banks. The Fed doesn't control home loan rates. Fed rate...

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Goldilocks Real Estate Market

Not too hot, not too cold! The Santa Barbara market is starting to flatten out (link to charts below) but there is still plenty of legs left in this one. We are still logging price gains, but at a decreasing rate. Low unemployment and ris...

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Judy R.

I hired Jim Callahan to sell my house which had been on and off the market for over two years. From the beginning, I was really pleased with how our relationship worked. I always knew what was going on. If he had recommendations he made them, b...

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Santa Barbara Real Estate – It’s a Process

Santa Barbara, California is a quintessential seaside village nestled between the Pacific coastline and the Santa Ynez mountains. Similar to the French Riviera for its beauty and temperate climate, it is often referred to as the American ...

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Another Happy Holiday Greeting?

Yes, this *is* yet another Happy Holiday email! But at least this one isn't from your dry cleaner on how to get those holiday food stains out, or from your grocer on the best recipes for Pumpkin Pie, or from your Realtor with both of those help...

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Short-Term Rentals and Homestays in Santa Barbara

Land use regulations regulating Short-Term Rentals (STR) and Homestays in Santa Barbara County officially became effective on October 1st, 2018. STRs and Homestays now require the proper zoning permit. You cannot rent (or even advertise) a p...

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Fed Rate vs. Mortgage Rate

The Federal Reserve is expected to raise the short-term Federal Funds Rate by 0.25% to 2.75% this week. This increase has been telegraphed in advance (as usual) and is therefore typically priced into the market by the time the Fed Rate actually...

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What’s Normal?

Sent: 8.3.18   Hi all, I’m streamlining my newsletter to appeal to those of us with short attention spans (goldfish and teenagers for example) and adding links for those interested in a little more content. Hopefully this satisf...

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I Made It!

I made it to another birthday! Some people don’t look forward to their birthdays, they see it only as getting older and are actually sad about it. Remember when we looked forward to birthdays? We couldn’t wait to turn 10 (double digits!), o...

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Montecito Mudslide Insurance Claims

Many homeowner insurance policies exclude “earth movement” and “water damage”, however the Thomas Fire is widely believed to be the efficient "proximate cause" of the Montecito mudslides. Any argument that the recent fire was only a "re...

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