| Housing prices have continued to surge in Santa Barbara and most of the rest of the nation for the past year. The market from $600,000 to $900,000 in Santa Barbara is particularly brisk, but above the $1,000,000 mark things have cooled. Above $2,000,000 things are really slow. As long as interest rates remain down and it seems they may even drift a little lower, the market will continue the way it has been. Combine those rates with a low inventory and prices will continue to rise. A couple of weeks ago there was a interesting article in the Los Angeles times about housing prices in Santa Barbara http://www.santabarbaraproperties.com/areainfo/latimes.html |
