A Few Noticeable Real Estate Trends That We are Seeing Here in Santa Barbara, California - April 2009

1. Borrowers are still having a harder time getting a mortgage. During the housing boom from 1999 to 2006, mortgages were more than easy to obtain by almost anyone. Today, the daily news now shows that these risky lending practices have come back to bite the companies who profited from millions of bad loans, and many of the larger mortgage companies (including giants such as Countrywide, Fannie Mae and Freddie Mac) have landed on tough times...

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For information on Real Estate here in Santa Barbara, Montecito and/or our surrounding areas, as well as any other aspects of life in our area, please don’t hesitate to contact Kevin Schmidtchen at Sotheby’s Int’l Realty.

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