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Investing in Commercial Real Estate

Jobless Rate in Santa Barbara County Remains Below 6%

By Rick Longpre on Aug 05, 2014 at 02:30 PM in Macro Economic News, Investing in Commercial Real Estate, Santa Barabara Commercial Real Estate, Santa Barbara Local News

The unemployment rate in Santa Barbara County was 5.4 percent in June, up from a revised 5 percent in May and below the year-ago estimate of 6.8 percent.

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1031 Exchanges: Common Pitfalls & Misconceptions

By Rick Longpre on Dec 05, 2013 at 02:32 PM in 1031 Exchanges, Investing in Commercial Real Estate, Santa Barabara Commercial Real Estate

The “1031 Exchange” has always been a cornerstone of long term real estate investing. However, it is surprising how many experienced investors are misinformed (or worse, misled) with incorrect information that could be fatal to a 1031 exchange. Good information is readily available online, particularly from the national, accredited accommodators.

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Multi-Family Statistics YTD 7-31-13

By Rick Longpre on Jul 31, 2013 at 02:33 PM in Santa Barabara Commercial Real Estate, Investing in Commercial Real Estate, Macro Economic News

Total Active Inventory about the same as 2012
Days on Market of Active listings down dramatically from 132 to 69 days
Total Sold YTD up 32%
Median Price up 8.4%

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Inflation is rotten to the core

By Rick Longpre on Jul 30, 2013 at 02:34 PM in Investing in Commercial Real Estate

Commentary: Regardless of what Fed says, prices are rising
PORT WASHINGTON, N.Y. (MarketWatch) ó How about giving us three cheers if you really believe that inflation has been vanquished? I can’t hear you!

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Four Reasons Housing Recovery Isn’t Yet Boosting Economy

By Rick Longpre on Jun 05, 2013 at 02:37 PM in Investing in Commercial Real Estate

The housing market may finally be leaning on the economy’s gas pedalóbut it’s also keeping a foot on the brake. Those expecting a quick return to the “virtuous cycle” by which rising prices, home sales, and housing construction feeds further consumer spending will have to wait until Americans feel more comfortable borrowing and until banks feel more comfortable extending credits.

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Santa Barbara New Growth Management Program Adopted

By Rick Longpre on Jun 05, 2013 at 02:36 PM in Macro Economic News, Featured Properties, Investing in Commercial Real Estate, Santa Barabara Commercial Real Estate, Santa Barbara Local News

On March 12, 2013, the City Council unanimously adopted the ordinance and resolution to implement the City’s Nonresidential Growth Management Program.

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Four Reasons Housing Recovery Isn’t Yet Boosting Economy

Four Reasons Housing Recovery Isn’t Yet Boosting Economy
By Rick Longpre on Jun 03, 2013 at 02:40 PM in Investing in Commercial Real Estate

The housing market may finally be leaning on the economy’s gas pedalóbut it’s also keeping a foot on the brake.

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