High interest rates and a declining number of houses for sale helped send the share of homes selling for all cash to record levels in 2023. Homebuyers flush with cash are reaping benefits that are often out of reach for most prospective buyers who need a mortgage.
Dieter Holger
Dieter Holger is a journalist contributing stories to Lookout Santa Cruz, with a focus on money, energy and the economy. You can reach him at dieterholger.reports@gmail.com.
Posted inBusiness & Technology
An early adopter of electric vehicles, Santa Cruz is falling behind, challenging California’s EV ambitions
Santa Cruz County is falling behind in the adoption of electric vehicles compared to other parts of the state. Higher prices are putting many consumers off, local auto dealers say. Lower-income areas of the county in particular are struggling to afford the upfront costs of an electric car despite thousands of dollars in government rebates and fuel savings.
