Wind Driven Fires in Montecito

The first fires began on Thursday evening in the hills near Montecito, California a neighbor community to Santa Barbara. More than 2,000 acres have been burned and the reports indicate that approximately 100 homes have been destroyed.

Forced evacuations have been ordered and more than 1,000 firefighters are attempting to bring the wind-driven blaze under control. Montecito is a small extension community to Santa Barabar and has about 10,000 homeowners, many of them well known Hollywood celebraties.

It is estimated that about 2,500 Residents have fled their homes. Power outages have impacted 20,000 people and fortunately there are only minor injuries and no reported deaths as of Friday, November 14, 2008 at 10 a.m. Pacific time.

Winds could reach upwards of 70 miles per hours, today, according to authorities.

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Real Estate Values in Santa Barbara

Has Santa Barbara been impacted by the national foreclosure trends and the sub prime mortgage mess? What’s the real estate value trend line for Santa Barbara? Up, down or steady?

Also, can people get mortgages in Santa Barbara?

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Blog Probes Real Estate Models

www.REALonomics.net is a blog that is asking serious questions about where the real estate industry is going. More specifically, REALonomics poses challenges to the broker/owners to adopt models that will allow their organizations to become more transparent.

REALonomics.net advocates that the industry open up the property information portals to consumers and upgrade its approach to how it is interacting with the consumer by implementing more social networking such as www.CityBlogUSA.com, a community blogging network for every city in the USA.

Visit www.REALonomics.net.

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Condos in Town?

Are there any condo projects in Santa Barbara, California and are there any that are on golf courses? What is the condo price range? Are there any age restricted condo communities?

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Real Estate Companies

Santa Barbara has a lot of real estate companies. Which one is considered the best company according the Santa Barbara, California residents? Who are the best real estate agents in Santa Barbara, California? Historically, which company has been there the longest? Do any of the real estate companies also have title and mortgage companies?

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Foreclosures in Town?

Can anyone speak to the issue of foreclosures in Santa Barbara, California? Foreclosures are up around the country due to the sub-prime lending practices. Is there any foreclosure impact on real estate in Santa Barbara?

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