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Mayoral Race Tightens in Goleta

For the first time, Goleta voters will be voting directly for their mayor this November 6. The two-year term is barely enough time to learn the ropes of city government and then handle them adroitly, but the two running have served as city councilmembers for a collective couple of decades. There’s a little daylight between Michael Bennett’s and Paula Perotte’s enthusiasm for their city, but, tellingly, Bennett’s campaign contributions have come from the business sector and from firefighters, while Perotte is endorsed by the Democratic machine and the Goodland Coalition. The big dog in the room is development. But first, a little history. Michael Bennett remembers well the day politics became

Prop 5 -- The Breakdown

Home prices in California keep rising. Affordable housing is a political buzzword. And in November, fully one-third of all ballot measures, if passed, would tinker with state housing policies. Consider Proposition 5. Under California's current law, a property's taxable value can only increase by a maximum of two percent. But market values generally rise by more than two percent each year. Median sale price in California has risen more than 60 percent in the past 10 years and is projected to rise an additional 8.6 percent by August 2019, according to the real estate data company Zillow. As a result, homeowners that move from one house to another usually end up paying more in property taxe

7 Benefits of a Federal Reserve Interest Rate Hike

(TNS)—Interest rates are going up. The Federal Reserve in June hiked rates for the second time in 2018, and there could be two more rate hikes before the end of the year, including one at this month’s Fed meeting. Sure, the increases mean it will cost more to borrow—but you’ll benefit from getting better rates on high-yield certificates of deposit. Healthier returns on CDs are only one gain from the Fed’s rate-raising campaign. Here’s how you can take advantage of other positive outcomes from Fed rate increases. Higher Returns for Savers If you’re a saver, low interest rates have brought about the financial equivalent of a long drought. Any improvement, even modest, is welcome and overdue.

Return to Normal

YTD SALES ARE STRONG! - Sales are strong in 2018. California is seeing the best Year-to-Date Sales in the past 12 years! This indicates continued strong buyer demand for residential housing backed by safe loan origination guidelines. DEMAND IS STRONGEST IN SPRING – Buyer demand for housing is the strongest in the Spring season causing seasonal mid-year price increases. This is partially because many parents want to move before Fall school begins while others want to be settled before the Holidays. RETURN TO NORMAL - After the ‘Great Recession’ and the consolidation period between 2007 – 2012, the California real estate market is returning to normal annual sales volume and property valua

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© 2020 Spann & Associates Real Estate

All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdraw without notice. This is not intended to solicit property already listed.​

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