Are we in a new Real Estate Bubble?

Are we in a new Real Estate Bubble?

Real Estate and Investment analysts have observed that home prices are exceeding the average income in the Santa Cruz / Bay Area. Does this mean we are repeating the peak market that occurred in 2005 before the housing bust? This article brings up some good points regarding the similarities and differences of our past boom to our current boom. Whats your opinion? 

To read the entire article, go to: http://fortune.com/2016/01/11/real-estate-bubble/

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Santa Cruz Latest News – Dec. 1, 2015

Santa Cruz Latest News – Dec. 1, 2015

Santa Cruz has been experiencing its share of housing problems for some time now in regards to lack of inventory and steep prices. Whether it is due to inadequate supply, replacing aging housing or providing affordable housing, it is clear that this situation needs action. This has been an ongoing topic with Santa Cruz Planning, and now they are getting close to finalizing their plan to address these issues. If you would like to attend or have any input, the meetings are as follows: Wednesday, Dec 2nd at 3:00 p.m., Wednesday Dec. 9th at 9 a.m. and Tuesday, Jan 12th at 9 a.m.

To read the entire article, go to http://www.santacruz.com/articles/santa-cruz-latest-news-dec-1-2015.html

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Gavin Newsom at Santa Cruz regional summit: "We're living in two worlds in the same county"

Gavin Newsom at Santa Cruz regional summit: "We're living in two worlds in the same county"

It is pretty well known by now that the Santa Cruz and Monterey counties are experiencing somewhat of a housing crisis. The current median home prices are $750,000 and $628,000, and there are no signs of it settling down anytime soon. Last Wednesday in Santa Cruz, at the Monterey Bay Economic Partnership's (MBEP) first ever State of the Region conference, the discussion was about potential possibilities and solutions to solve this very problem. One of the options they discussed was allowing taller buildings in Santa Cruz in order to create more apartments. How do you feel about this?

To read the entire article, go to: http://www.bizjournals.com/sanjose/news/2015/11/06/gavin-newsom-at-santa-cruz-regional-summit-were.html

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New study shows profound impact of tech industry on Bay Area real estate

New study shows profound impact of tech industry on Bay Area real estate

It's definitely not "breaking" news that the tech industry has a huge impact on Santa Cruz / Bay Area Real Estate. Now, Zillow has taken the time to dig deep and highlight the three major players, which of course are: Apple, Google and Facebook. The study takes an in-depth look at how they are influencing the market. 

To read the entire article, go to: http://blog.sfgate.com/ontheblock/2015/11/02/new-study-shows-profound-impact-of-tech-industry-on-bay-area-real-estate/

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iPhones May Be Connected to Swelling Bay Area Home Values

iPhones May Be Connected to Swelling Bay Area Home Values

I always find it pretty entertaining to hear different theories and speculations about Santa Cruz / Bay Area homes prices, especially when they have to do with the Tech industry. This next one seems like a little bit of a stretch; there are so many factors that attribute to the swings on the Real Estate market. Although I am an Android lover, I just can't bring myself to blame it on the iPhone.

To read the entire article, go to: http://www.nbcbayarea.com/news/local/iPhone-Connected-to-a-Rise-in-Bay-Area-Home-Values-338115002.html

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