Santa Cruz Real Estate Digest, Ed. 53
In This Month's Issue
WHERE WILL THE MARKET TREND IN 2020? BULL OR BEAR?

Part 1: Evidence of an Improved Market (Bull Market)
Part 2: Evidence of a Declining Market (Bear Market)

Christine's Corner: Benefits of Downsizing and How to Prepare for Your Next Move
Real Estate Market Statistics

For Santa Cruz, Santa Clara, and Monterey

These reports contain average and median home prices, real estate market trends and statistics, information about mortgage rates and more.





WHERE WILL THE MARKET TREND IN 2020? BULL OR BEAR?
Part 1: Evidence of an Improved Market (Bull Market)
At the beginning of each year, analysists across release reports on what they predict the upcoming year will bring in the real estate market. They don’t have a magic 8-ball, but they do assess the trends of the past and present relevant variables to identify where they think the market will go. In this two-part series, we are going to review the predictions of both those that anticipate an upward turn in the market next year and those that predict a downwards spiral.
WHERE WILL THE MARKET TREND IN 2020? BULL OR BEAR?
Part 2: Evidence of a Declining Market (Bear Market)
If you take a look at the historical trends in the housing market, there are always ups and downs. The last downward trend was in 2008 and was predicted by economists who reviewed the phases of a housing bubble. In fact, in 1997 Professor Fred Foldvary wrote, “The next major bust, 18 years after the 1990 downturn, will be around 2008, if there is not a major interruption such as a global war.” To the surprise of many, he was correct. Therefore, by reviewing the phases of a bubble, many analysists think the next bubble will burst this year.
Christine's Corner: Benefits of Downsizing and How to Prepare for Your Next Move
Change is difficult, but perspective makes a huge difference: Downsizing does not have to be a negative moment in your life. In fact, downsizing your home represents tremendous opportunity and can actually bring many benefits to your daily life! First off, when you downsize you have less space to take care of. Therefore, when it comes to cleaning and organizing, in the future, there will be fewer chores to handle. Secondly, downsizing actually helps reduce bills. A smaller space means fewer rooms to heat and cool, fewer lights, and lower electricity bills.
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