Santa Barbara and Goleta Boasts Second Lowest Unemployment Rate in the State

California has been one of the states hit the hardest by the economic downturn and unemployment. Nationally, around 6,000 people are still losing jobs daily. However bleak these harsh facts are, Goleta and Santa Barbara have maintained the second highest employment level despite national and statewide turmoil. The Santa Barbara Independent recently reported that:

"at 8.4 percent, Santa Barbara County has the second lowest unemployment rate in the state. Statewide, the unemployment rate is 12.1 percent; nationally it’s 9.6 percent. The prognosis, according to Ben Courtney and Tyler Powell, financial advisers from Wells Fargo who delivered a mid-year outlook, is that Goleta can expect a continuing trend of moderate recovery."

This is great news for first-time home buyers in the Santa Barbara area! Buying your first home is an emotional process. When facing the prospects of a 30 year mortgage, many may worry about job security. Luckily Santa Barbara and Goleta have been blessed with a steady job market that will allow for first time buyers to make their dreams a reality.