Insurance Problems may Arise after a Natural Disaster



The HOP (Home Ownership Podcast) Episode 115: Village Properties Realtor, David Charles Allen, gives the latest interest rates and sales stats in Santa Barbara. Interest rates rose slightly; up to 6.75 % for 30-year conforming loans and 5.625% for 30-year jumbo loans. Regarding the latest sales stats, there were only 16 new listings in Santa Barbara with five listings coming soon. Patti and David discuss Hurricane Ian and David says that while home values usually come back within a couple of years after a natural disaster, insurance companies may raise rates or pull out of the area, causing a big problem for homeowners. For more information about Santa Barbara real estate, email David at david@davidcharlesallen.com or call 805-617-9311.

Check out this episode!

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