The Village Voice Real Estate Update - Fall 2009
Wednesday, September 30th, 2009 by Village Properties
Village Properties quarterly newsletter is now available.
Posts Tagged ‘santa barbara’
Lending a helping hand to the Jesusita Fire victims
Tuesday, May 12th, 2009 by Village PropertiesVillage Properties is proud to recommend the housing services of our Agents listed below.
Please feel free to call upon them for help and information about rentals in the Santa Barbara area. You may also go to our website: www.villagesite.com, select: property serach and access an up-to-date list of houses and rentals available in our area.
Village Agents available to help:
Susan Jordano, 805.680.9060, susanjordano@cox.net
Phyllis Lenker, 805.683.7376, phyllisl@villagesite.com
Beverly Palmer, 805.695.7261, beverlypalmer@cox.net
Emily McBride, 805.252.2773, www.emilymcbride.com
DeAnn Bauer, 805.565.8610, deann@greenhomessb.com
Marissa Smith, 805.681.8123, mlssellsrealestate@gmail.com
Gloria Vaughn, 805.565.8862, Glorybee5@aol.com
Priscilla Bedolla, 805.683.7374, PBedolla@aol.com
Billy Mandarino, 805.570.4827, billy@villagesite.com
Darin Guglielmo, 805.683.7361, darin@villagesite.com
Jane Alexander, 805.886.2930, zcoop@cox.net
Colleen Beall, 805.565.8894, colbeall@cox.net
Joan Roberts, 805.683.7323, jopogo@cox.net
Gail Cooley, 805.682.9373, gail@villagesite.com
Regina Magid, 805.683.7396, SOLDatReginaMagid@cox.net
Real Estate Market Update
Thursday, January 3rd, 2008 by Bob CurtisA great deal of media attention has been given to the sub prime loan market and rising foreclosures as a result of lenders making loans to marginal borrowers. Interestingly, only 9% of existing loans would be characterized as sub prime and many of those borrowers are not headed to foreclosure.
The areas currently hardest hit as a result of the sub prime loan fall out and resulting foreclosures are those that have experienced significant new construction and in many cases over building. These tend to be areas where prices are more affordable, land is available/inexpensive, and the political climate is pro-growth.
To illustrate why, picture a developer who built a tract of 300 homes in a community and sold them a few years back. You can imagine a billboard in front of the development that read “Why rent when you can own? With no money down and a teaser rate on your loan you can have payments similar to what you are paying now in rent!” These billboards certainly worked because first time buyers flooded to these developments to realize the dream of home ownership while taking part in the double digit appreciation we have been enjoying for many years. (more…)