Real Estate January 3, 2012

Buyers are looking for sellers in 2012

Bridging the great divide is how the LA Times put it this weekend. With mortgage rates below 4% and prices near bottom in many markets, it’s a good time to buy a house.  But many owners won’t sell because they can’t get the price they want. Read the full article here.

Santa Barbara’s sellers are showing the sediment mentioned in this article, causing inventory levels to drop 11.8% over the same period last year. This is in addition toSanta Barbara’s already historically low inventory levels.

With more buyers looking for sellers in 2012 it will be challenging times for finding the right home. I look forward to your inquiries and to keeping you informed with every opportunity throughout the year.