Does Buying National and Santa Cruz Real Estate Still Make Financial Sense?

Posted by Lauren Spencer on Wednesday, February 16th, 2011 at 11:01pm.

Considering deflated real estate values, you might wonder if buying national and Santa Cruz  real estate still makes good financial sense.  According to the National Association of REALTORS® eighth annual Housing Opportunity Pulse Survey, nearly 8 out of 10 respondents believe buying a home does make good financial sense.

Surprised?  Let’s examine three reasons Americans believe buying national and Santa Cruz  real estate remains a good financial choice:

1. Lower home prices and low mortgage interest rates are making homes more affordable. 

2. Almost 7 out of 10 believe that home values have stabilized in their area; the same number expects home sales to remain about the same through the end of the year.

3. The rate of foreclosures is also seen as stabilizing; 51 percent say the rate is about the same as last year.

Another big advantage for you may be the tax benefits of home ownership.  You will still, as always, be able to deduct the interest you pay, as well as other real estate related items on your income tax return. For most people that deduction equates to a sizeable chunk of money. It can mean the difference between owing the government more money at the end of the year, and getting a refund.

If you would like more information on how owning Santa Cruz  real estate can make sense for you, give me a call today at 831.662.6522 or email me at Lauren@LaurenSpencer.com.

For additional information please visit my website at www.MySantaCruzRealEstate.com

Links:

Housing Opportunity Pulse Survey

Low mortgage interest rates

Tax benefits of home ownership

About Lauren Spencer

Award-Winning Santa Cruz REALTOR®

Lauren Spencer is your local real estate expert, specializing in Santa Cruz real estate and surrounding communities—this is where she lives, works, and plays too. Let her know your questions about the community and county and she'll be happy to fill you in on all you want to know! Lauren Spencer has consistently been voted best local REALTOR in Santa Cruz and is always happy to offer her advice and expertise. Call her at: 800.226.4717.

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