aptos properties: Santa Cruz Market Segments
- 11/11/09 09:49 AM
As we near the end of 2009, there are some trends that have developed in the Santa Cruz Real Estate Market. For example, the low-end of our market has been on fire. We are seeing multiple bids on homes priced less than $500k. This is a result of several different factors, first is the availability of loan programs thru FHA, Freddie Mac, and Fannie Mae, second is the First Time Buyers $8000 credit, lastly a steady volume of bank owned and short sale properties with low prices. As seen by the chart below we have more property pendings that available home inventory. Thus … (0 comments)
aptos properties: Santa Cruz Home Bubble Prices
- 10/23/09 10:40 AM
Santa Cruz Home Bubble Prices October 2009 As we move to the end of 2009, many home Sellers and Buyers are wondering what direction home values are going ? As I have mentioned on previous blogs, we are still seeing a constant stream of foreclosures with unemployment and negative equity the driving reasons. So until we see unemployment improved and home prices stabilize, there will not be much improvement. So where are we now ? As you can see in the graft below, homes in the Watsonville area have taken the biggest equity hit with median home prices off 57% from the peak of the … (0 comments)
Over the last few months, most experts have been predicting that the bottom of the Real Estate market will happen late 2009 or early 2010. There are several things that have to happen if a recovery is to occur. First mortgage interest rates have to remain low. The lower end of the real estate market is currently being fueled by low interest rates that are allowing first time homebuyers and investors to pick up properties that are 40% to 50% off their market high prices. As I mentioned in my earlier … (1 comments)
aptos properties: Santa Cruz Home Inventory
- 05/12/09 07:36 AM
Santa Cruz County Inventory May 12th 2009 These are interesting times in Santa Cruz County with regards to real estate. This is the time of year that Buyers get real active in finding the right property to purchase. Our high season for local real estate happens like the farming season for our fruits and vegetables, from May to September is our busiest time of the year. But this season we have a different pattern as compared to previous seasons. If you look at the graft below, you will see a snapshot of the housing inventory of Santa Cruz County and there … (0 comments)
As we near the end of 2009, there are some trends that have developed in the Santa Cruz Real Estate Market. For example, the low-end of our market has been on fire. We are seeing multiple bids on homes priced less than $500k. This is a result of several different factors, first is the availability of loan programs thru FHA, Freddie Mac, and Fannie Mae, second is the First Time Buyers $8000 credit, lastly a steady volume of bank owned and short sale properties with low prices. As seen by the chart below we have more property pendings that available home inventory. Thus … (0 comments)
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