Santa Barbara
65° F
Overcast
Overcast
Santa Maria
61° F
Overcast
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San Luis Obispo
59° F
Overcast
Overcast
Ventura
63° F
Mostly Cloudy
Mostly Cloudy

Could We Be At The Start of a New Housing Bubble?

By Ophelia Young, KEYT - KCOY - KKFX Reporter, ophelia.young@keyt.com
Published On: Jan 02 2014 11:40:49 PM CST

Another Housing Bubble?

SANTA MARIA, Calif. -

Home prices are on the rise across the nation and some experts think it could be the beginning of another bubble.

Realtors in both Santa Barbara and San Luis Obispo counties have noticed home prices skyrocketing by tens of thousands of dollars over the last year.

The say it's because of the low number of houses on the market and many motivated buyers.

Realtors say the market has stabilized for the winter months, but they expect a bubble to grow when the business picks up again for the summer.

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