Looking to Buy or Sell Santa Cruz Homes? Economists have Good News for You!

Posted by Lauren Spencer on Monday, August 20th, 2012 at 1:01am.

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. This could cause overall homeownership rates to fall. 

Opportunities for Buyers and Sellers

If you have been waiting for the right moment to sell your home, or buy your first (or fifteenth) home, the stabilization of the market is good news for you:

• Current owners of Santa Cruz homes looking to sell can benefit from a larger pool of home buyers.
• Home buyers can look to housing as a good investment again. They may have to contend with a more competitive market and bidding wars on properties though. 

If you'd like to know the latest on the market for Santa Cruz homes, I can help. Give me a call today at 831.662.6522 or email me at Lauren@LaurenSpencer.com.

For additional information please visit my home page at www.MySantaCruzRealEstate.com.

Links:

Pulsenomics LLC survey

Economists

Foreclosure

 

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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