Santa Cruz County Market Barometer 
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Santa Cruz Homes – Home Equity Is On the Rise!
Tuesday, March 23rd, 2010 at 1:01am. 57 Views, 0 Comments.
The news is everywhere – and it’s good! Those who own or want to own Santa Cruz homes can take a deep breath. Home equity is on the rise, according to a recent study by Zillow.com, an online real estate valuation researcher. And, Federal Reserve economists agree. Although home equity isn’t what it was three years ago, it’s on the rise.
The Fed’s most recent “flow of funds” survey indicates that the net equity of national homeowners grew by almost $1 trillion over the first three quarters of 2009, and rose further by $418 billion between June and September of last year. Compared to before the bubble popped, that’s really not that impressive. However, after three straight years of steadily dropping equities, it could signify the long awaited end of the…
