Interest rate drop to impact housing market in Santa Barbara ...Middle East

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Interest rate drop to impact housing market in Santa Barbara
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SANTA BARBARA, Calif.—Realtors aren’t exactly seeing eye to eye when it comes to what type of market we’re in. Some argue that it’s a seller’s market, but realtor Dan Johnson says the market is more neutral, and we’re in a transition period. “We've got inventory building and interest rates dropping. And so we have buyer opportunities now really developing. And we also have sellers that need to get realistic on pricing at the same time,” said Johnson, who works at Montecito’s Berkshire Hathaway. We checked Zillow and noticed several listings with price cuts as high as $500,000 that have stayed on the market for over 2 months. Johnson says inventory has been sitting on the market

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