May 2019: Santa Cruz County Real Estate Update

May 2019: Santa Cruz County Real Estate Update

Money is cheap, but homes are not.

Today mortgage credit availability is some of the highest we have seen for the spring housing market. The fixed rate for 30-year fixed rate loans has dropped close to four percent and wages are up. What oh what could this mean for the spring and summer selling season in Santa Cruz County? Unless families don’t want to purchase homes anymore, it mean’s this year’s market should look good.

In Closing: How to Seal the Home-Buying Deal

In Closing: How to Seal the Home-Buying Deal

Sign that paperwork. Write those checks. Get those keys to your new home!

The closing. It all comes down to this. The grand finale. Once you have the keys, the house is yours. (Cue: Air horn sound!)

Nice work getting this far. You’re almost a homeowner! Let’s run through some questions you may have as you cross the finish line.

February 2019: Santa Cruz County Real Estate Update

February 2019: Santa Cruz County Real Estate Update

“It’s tough to make predictions, especially about the future.” - Yogi Berra

When it comes to predicting the future of home prices and mortgage rates, it gets even more difficult. Both are affected by a wide variety of geopolitical and economic news and consumer psychology resulting from them that it is darn near impossible to foresee all of the variables this early in the year.

With that, let’s start by looking at where we are at the start of the year and where we are heading…or at least where I think we are heading in the coming months.

January 2019: Santa Cruz County Real Estate Update

January 2019: Santa Cruz County Real Estate Update

The housing market is softening, not just in Santa Cruz County but across the country.

Every year Buyers are less active during the holiday season, but in 2018 the local market started to slow down earlier and more dramatically than recent years.

First, before I get too deep into things, lets ensure we’re on the same page: the market has not turned into a buyers’ market. What it has done is slowly start to shift into a lower gear and move more towards equilibrium.