Santa Cruz County Real Estate Update
-
Loading... - Selena Saavedra
- 13 Feb 2023
- 191 Views
- 0 Like
- 0 Comment
Tis the season of mittens, hats, warm boots, heavy coats and (hopefully wet) umbrellas left by the front door. As we light the hearth this winter, the indistinct tinkling of children’s laughter as they play outside reminds us to pay attention to how much smoke we’re creating. A quick computer search will give you tips on how to reduce your smoke.
Renters may get some relief as rental prices have fallen over the past few months and are lower than a few years ago. However, apartment and home building have lagged behind what’s needed for years, so there’s limited supply.
The best recent housing news happened on November 10, when the inflation rate dropped significantly to 7.75%, from 9% this summer. (Historically, inflation averages +/- 3% per year.) Stock and bond markets rallied, and the 30-year fixed rate mortgage fell from about 7.2% down to 6.6%, where it stabilized over the last few days.* Read More..
