Tagged : Santa Cruz Real Estate market

Found 2 blog entries tagged as "Santa Cruz Real Estate market".


Santa Cruz real estate in 2014 started off a little bit differently from what we saw in the previous year with a significantly lower inventory for both single family homes and condominiums/townhouses. While the year isn't quite over yet (and we're still waiting on what the stats will tell us), we have seen median home prices creep up steadily since January.

Single Family Homes in Santa Cruz, CA

This year, homes priced below 800K have seen the most activity. As seen in many years before, the first quarter sales proved to be slower than what we typically see in the second and third quarter of the year. The median price of single family homes in Santa Cruz increased steadily, but not as dramatically as it had compared to 2013.

Santa Cruz Condos &

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Fannie Mae and Freddie Mac have been in the news quite a bit over the past few years, so it’s a good time to do a refresher on who they are and what role they play in the Santa Cruz real estate market.

Who Are Fannie Mae And Freddie Mac?
Fannie Mae is the Federal National Mortgage Association. Freddie Mac is the Federal Home Loan Mortgage Corporation. They were originally created to raise homeownership levels and increase the availability of affordable housing.

Fannie and Freddie don’t sell mortgages directly to homeowners. They buy mortgages from lenders, so the lenders can use the money to issue new home mortgages.

In 2008, due to mismanagement resulting in billions of dollars of losses, Fannie and Freddie were taken over by the government.

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