Santa Barbara real estate is seeing great interest yet again especially in the high end and particularly the “specialty” Santa Barbara property segment of ocean view and ocean front homes. The consensus of opinion among the higher end buyers is that now it the time to acquire a Santa Barbara view property or a Santa Barbara oceanfront property as they are probably priced as soft as they will ever be at this point, with the market showing definite signs of revival. Interest rates are also slated to increase over time as we move forward the U.S. government intervention of buying billions of dollars worth of bonds has now ended, and most experts feel this will effect bond pricing and associated mortgage rate to slowly rise over the coming year.
One unique and irreplaceable property seeing vigorous interest is this rare Santa Barbara beach front bluff top property available for $2.7 million on one of the most desirable Santa Barbara oceanfront parcels ever offered.
Another strong sign for the Santa Barbara real estate market resurgence is New York’s Manhattan market is seeing a large push in acquisition by foreign investors for the same reason. The consensus is that the market is poised to rebound and this is an opportunity to buy at a bottom in pricing as reported here http://www.msnbc.msn.com/id/36033352/ns/business-real_estate/ The Manhattan market has run parallel to the Santa Barbara market in interest level and sales activity over the years and this correlation appears to continue.