Real Estate Predictions 2022 | Santa Cruz EditionPosted by Michele Replogle on
The largest fires in California this year maybe housing prices in key areas. With record amounts of snowfall and large downpours our drought maybe fixed for a while and forest fires may retreat for a year, yet the spring housing market will take it’s place. Here in Santa Cruz there are a lot of reasons for the coming home price scorcher I see blowing our way.
There are a few factors that drive housing prices and rental prices to rise so steeply.
The great resignation of landlords.
For rentals it is the lack of them, a few years ago there was a push to pass rent control in the city of Santa Cruz. This caused a large amount of mom-and-pop rental owners to sell as they did not want to be caught in a very punitive rental market, where even…
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