Local

Santa Barbara County 2008 Real Estate Outlook

Video Low

Video High

The 2008 Real Estate and Economic Outlook report is out and locally, housing numbers continue their downward spiral, particularly in northern Santa Barbara County. And forecasters say they're now keeping a close eye on the South County.

But there is a silver lining: experts say the number of foreclosures peaked, and they're actually seeing small rebounds in estate and condo sales.

So far, Montecito and Hope Ranch are immune to the housing crisis. For those in other areas, analysts say home sales will look better by spring of 2010.

KEY News Reporter Beth Farnsworth has more.

Story Created: Sep 18, 2008 at 3:35 PM PST

Story Updated: Sep 22, 2008 at 10:49 AM PST

Tools

KEY Weather

High: Leave blank

Low: Leave blank

Conditions Today
7 DAY COASTAL FORECAST 7 DAY INLAND FORECAST CURRENT LOCAL TEMPS
SURF REPORT
MARINE FORECAST LATEST DOPPLER RADAR

More Weather

This content requires the latest Adobe Flash Player and a browser with JavaScript enabled. Click here for a free download of the latest Adobe Flash Player.