For the last few years, the news in the housing market has often been gloomy, but the tide is finally beginning to turn for buyers and sellers of Santa Cruz homes! The Pulsenomics LLC survey of 100 economists points to modest gains in home prices starting in 2013 -- and those gains will continue through 2016!
Improving Real Estate Market
While some prices are still slated to drop in 2012, those losses will likely mark the bottom of the trough. The tumultuous times in the real estate industry are, according to most economists, behind us.
Those tough times have left their mark, however. For instance, many former homeowners who have gone through foreclosure will find it difficult to return to homeownership because of the impact on their credit.