I got my real estate license in 1977. In September 2017 I reached my 40th year in real estate. When I first started selling homes on the Mesa gas was 65 cents a gallon and my first real estate car was a Volkswagen bug. I was wearing 3-piece suits, complete with vest and paisley tie. Bell bottoms were still in fashion in those days. The average 3-bedroom, 1-bath, Marine Terrace Mesa home was going Continue Reading about Market Mojo Report – Nov-Dec 2017: A Year Filled with Major Milestones
Recent market activity in the Montecito area. Enjoy our chart: Continue Reading about Montecito Market Report: September – October 2016
Real Estate is in My Blood Real estate and construction are in my blood. My family has been involved for three generations and I carry on the tradition of quality work that the Williams family has brought to real estate. My grandfather, Oliver Williams, attended Yale Divinity School and served as a minister for more than 30 years. Then he retired to become a Realtor for 20 years. He specialized Continue Reading about Montecito Connection: Sep – Oct 2016
Well, Are Interest Rates Going to Rise or What? by Mark Schniepp • August 24, 2016 The Fed and Interest Rates Last December, the Federal Reserve indicated it planned to raise interest rates four times in 2016. But economic conditions deteriorated in January and the stock market tumbled 1,000 points. Then Janet Yellen, the Fed Chair, stated last March that at least two interest rate hikes Continue Reading about Montecito Connection: Sep – Oct 2016 – Interest Rate Watch
In the past 60 days, more Mesa homes have come on the market at ever higher prices, with a smaller percentage going into escrow. The market is moving into a plateau stage as buyers momentarily get more power. This may last for weeks or months but is not a downturn. It is a periodic phenomenon in the real estate market. Continue Reading about Market Mojo Report – June 2016
by Mark Schniepp • December 28, 2015 On December 16, 2015, the long awaited rise in the federal funds rate by the Federal Reserve Bank was announced. This is the ﬁrst interest rate hike since 2006. What impact will this move have on the economy, and especially, the interest rate sensitive housing market? The rate hike was, as expected, small, (0.25 of a percentage point), and for that Continue Reading about Will The First Interest Rate Hike In 9 Years Sink The Housing Market?