The real estate market is shifting toward some definite trends that may affect your home for sale in Santa Cruz. Since 2006, the median cost of a home has dropped almost 30%. The good news, according Moody’s Economy.com, is that most of the nation’s metropolitan areas are expected to see less than a 5% drop in prices a year from now. Even better news, 10% are expected to see modest increases.
If you have a home for sale in Santa Cruz, keeping an eye on the trends can greatly increase your chances of selling, no matter what the area. Here are two of the biggest trends:
Trend #1: Home Prices Staying Down
Home inventories are slowly creeping back up, and another 3 million distressed homes are expected to be foreclosed on this year. As well, one-fourth