Don’t you just love it when the evening news finally shares some good news? I do too! So, I want to do my part and share some good news with you today: Santa Cruz County homes and homes nationwide are becoming more affordable. In fact, according to the National Association of REALTORS®, housing affordability is close to reaching an all-time high.
Big Benefit to Buyers
Exactly how does this benefit the buyers of Santa Cruz County homes? A typical buyer can pay much less in mortgage costs for the same home, or buy a better home without increasing their monthly payment.
Reasons for Improvement
There are several reasons housing affordability is improving:
1. Lower mortgage rates. The primary reason Santa Cruz County homes are now more…