Interest Rates and Inventory in the Santa Cruz Housing Market
Posted by Paul Burrowes on
If you haven’t noticed, inventory in the real estate market feels like it’s getting tighter and tighter (because it is). It’s not a localized issue; it’s being seen across most housing markets in the country. However, it’s particularly prevalent in California.
This article will discuss how interest rates became so high and how buyers and sellers should approach this market.
California’s Housing Crisis: Fewer Residents, More Households
California’s housing crisis is no secret. We have too many households, too much demand, and insufficient new inventory. While over the last decade, California lost nearly 800,000 residents, the number of households has increased by over 800,000. How? Well, because fewer people are spreading across more…
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