The Santa Cruz housing market reports it’s a buyer's market. With the lowest interest rates in a decade and house prices reaching a stable low, now is the time to invest in real estate. According to recent economic research, the results favored the value of treating real estate as an asset that will steadily increase your return on investments. After the economic down turn, real estate offers buyers an outlet for reliable investment with many other economic benefits including the accumulation of equity and tax relief benefits.
In order to build wealth, potential buyers need to take advantage of the low housing market prices and be prepared to invest into the home for at least 5-7 years. In the greater Santa Cruz area prices are at an average $500,000, down about 20-25% than previous years. The market stabilized and buyers can feel confident in purchasing homes in the Santa Cruz area. These homes reside in some of the most desirable locations in California and most of the United States. The Monterey Bay offers countless resources and benefits for the Santa Cruz area, which brings timeless desirability to the housing market.
Realtors are here to educate buyers to be market smart. We are in the education and opportunity business to insure buyers are informed of market trends and fluctuations. To be market smart means having the power to reap the full benefits of this buyers market.
Currently, we are experiencing an established and secure housing market that caters to buyers and their needs. Buyers can use real estate as an investment vehicle especially homes in the Santa Cruz area.
Check out more of my blog post and for local listings visit my website at www.petecullen.com.
Home sales summary of Santa Cruz County.
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