Ten Predictions for Santa Cruz Housing in 2013

Source: RE/MAX

Real Estate Raised 2013

The new year could be the best year in Santa Cruz area real estate in years, but the housing recovery still remains fragile and challenges remain, says Dave Liniger, RE/MAX co-founder and chairman.

Liniger recently offered up some of his predictions for the new year:

More buyers and sellers will return to the housing market.
Home sales will increase 6-7 percent while home prices will increase 3-4 percent.
Inventory of for-sale homes will hit bottom.
Higher-priced listings will begin to sell more.
The number of distressed properties will continue to drop.
The shadow inventory will fall.
Short sales will rise, reaching a peak.
Mortgage rates may rise slightly by year’s end from record lows.
Lending remains constrained for home buyers.
Home affordability remains at record highs.

Interested in buying or selling property in Santa Cruz, California? Call Hyko Roppel at (831) 477-5815 or CLICK HERE  to schedule a free consultation on Rio Del Mar, Seacliff Real Estate and Seascape Luxury Homes.

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