There’s good news for buyers and sellers of Santa Cruz real estate: The U.S. Economic and Housing Market Outlook that came out the end of February is encouraging. According to this research done by Freddie Mac, both the economy and the housing market are showing cautious signs of recovery.
Here are some of the changes stimulating these improvements in both nationwide and Santa Cruz real estate markets:
• Loans that were seriously delinquent or going into foreclosure declined to the lowest quarterly share since the start of 2009, according to the latest Mortgage Bankers Association Mortgage Delinquency Survey.
• In January, existing home sales were at their highest since May 2010, according to the National Association of REALTORS®.
• Job gains…