Frequently, there are news stories that impact our Santa Cruz real estate market. Here are two I want to share with you this month:
Rising Interest Rates Could Get Buyers Moving
Rising interest rates may finally push Santa Cruz real estate buyers off the fence and into the market.
In December, after President Obama agreed to extend tax cuts for two years, the financial markets indicated this event would most likely push mortgage interest rates higher.
Analysts predict that buyers will move quickly when it looks like rates are going up and are unlikely to come down. "Once people see this might actually be the bottom, they’ll go for it," says Paul Dales, U.S. economist at Capital Economics Ltd.
For an example of interest rate increases, note what…