Santa Cruz County home sales were strong in November, reaching a three-year high for the month. Real estate agents point to several factors including good weather, a Fed rate cut and a post-election boost.
Santa Cruz County housing market updates
Posted inHousing & Development
Housing market takes a jump in October as it approaches winter lull
October saw a lot of activity in the Santa Cruz County housing market, with noticeable jumps in home sales over September. As the often-slow winter season approaches, real estate agents are looking to the spring, when tech money could bring more lucrative buyers to the market.
Posted inHousing & Development
Fall housing market off to slow start, but rate cuts prompt some buyers to jump in
The Santa Cruz County housing market saw slightly less activity than usual in the early fall months, but real estate agents expect that to pick up as October continues. The Federal Reserve’s decision to cut short-term rates in September has brought in some prospective buyers.
Posted inHousing & Development
Santa Cruz County housing market could see a fall jump with lower mortgage rates
The local housing market stayed busy in July, despite some anomalies including high-end properties sitting on the market with little interest. And mortgage rates fell in early August, which is poised to bring more people into the market. Homes with the potential of developing an accessory dwelling unit (ADU) are expected to be in high demand.
Posted inHousing & Development
Insurance concerns loom large in Santa Cruz County, even in a hot housing market
The Santa Cruz County housing market stayed hot in May, as expected as summer rolls around. However, insurance concerns remain at the forefront of buyers’ minds, and both real estate agents and mortgage lenders have begun discussing insurance options right away, rather than leaving it as a secondary matter.
Posted inHousing & Development
Santa Cruz County housing market takes another leap as summer draws closer
Santa Cruz County’s housing market saw another jump in activity in April, picking up where it left off following a March surge. Sales and prices rose in April compared to March, and homes were on the market for less time than they were a year ago. Local real estate agents say this time of the […]
Posted inHousing & Development
Santa Cruz County housing market heating up as spring and summer near
The spring and summer housing market is beginning to manifest in Santa Cruz, with the county seeing more than 20 more home sales in March than it did in February. It’s still a seller’s market, though, and buyers are working creatively with lenders and real estate agents to navigate the crowded and competitive market.
Posted inLatest News
Santa Cruz County’s housing market may be waking up from a winter slumber
While the January and February housing market reflected a familiar winter slowness, that could be on its way out. Realtors say people are beginning to prep their properties for the market and holding open houses, while mortgage advisors believe interest rates will continue to drop throughout 2024.
Posted inHousing & Development
Housing market picks up slightly in October after slow start to fall season
Santa Cruz County’s housing market picked up slightly in October despite a slow start to the often-busy fall season, but very high interest rates remain the driving force of low inventory and slow sales. Real estate agents still believe rates will fall within the next year or so, but there’s no certainty about when that might be.
Posted inHousing & Development
Santa Cruz County housing market slows amid skyrocketing mortgage rates
Mortgage rates reached a new high in early October, leading to a slow start for the housing market’s typically busy fall season. Some buyers have pulled back, while others are paying below asking price, opening the door for some who have been beaten out by cash buyers in recent years.
