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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