SantaCruzSentinel.com – Top Stories
Santa Cruz County is expected to bypass the statewide housing trends in 2008.
Alan Nevin, economist for the California Building Industry Association, said his statewide prediction for smaller homes and lower prices might come true in San Luis Obispo but not in Santa Cruz.
“The problem in Santa Cruz is supply,” said Jeff Becker of DMB Associates in Hollister and association chairman. “You’re not going to see smaller homes there at lower prices. Builders can build larger and always have a buyer.”
Thanks to Burbed reader Scott for sending this in.
Personally, there was never a doubt in my mind that Santa Cruz would buck the housing woes trend. After all, it’s got the Mystery Spot and the world famous beaches – foreigners of all stripes with their powerful currencies are flocking here to buy up second homes and villas to retire to.
Congrats Santa Cruz on these great prognostications from those in the RE business!