One of the biggest indicators in 2007 that we had reached the peak of the Santa Cruz Real Estate market was the fact that incomes were not keeping up with home prices. Are we nearing a peak now? It is hard to predict but there are signs that say we are close. Take a look at this comparison of median incomes vs median home prices, it is an eye opener.
To read the entire article, go to: http://www.worldpropertyjournal.com/real-estate-news/united-states/irvine/california-home-prices-home-affordability-issues-income-disparity-rising-home-price-data-2015-california-association-of-realtors-chris-kutzkey-9313.php