Steve Johnson's (stevenrjohnson) Blog

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Real Estate Agent - Monterey Bay Properties
RECENT BLOG POSTS
April 20th 2010     Over the past few weeks the local Santa Cruz newspaper has written several articles about the health of our local real estate market. The most recent article reported the recent rise in the median prices of homes. Unfortunately the recent rise in median home prices has little ...
04/21/2010
  2010 Santa Cruz Market Forecast   Over the last year, I have written numerous reports about the state of our local real estate market. As you know from these reports and the general media, we are in one of the most compelling real estate markets in our lifetime. This is demonstrated by interest...
01/27/2010
One of the leading indicators on how well our local real estate market is doing can be determined by the number of Notice of Defaults. As seen by the graph below, we have continued to hover between 150 and 200 NODs from almost the beginning of the year. Thus the ongoing trend of bank foreclosures...
12/10/2009
Over the last year we have seen both the Federal and State governments trying to stem the tide of property foreclosures via moratoriums and loan modification programs. This has resulted in slightly slowing down the escalating trend of home foreclosures. For the few that can qualify for a loan mod...
12/01/2009
It was just a few years ago, we rarely saw homes being foreclosed by banks and later sold by banks on the MLS as REOs (Bank Owned Properties). On top of that, Short Sales were unheard of in those markets of yester year. However in today's market, a good percentage of homes are REOs or Short Sales...
11/18/2009
As we near the end of 2009, there are some trends that have developed in the Santa Cruz Real Estate Market. For example, the low-end of our market has been on fire. We are seeing multiple bids on homes priced less than $500k. This is a result of several different factors, first is the availabilit...
11/11/2009
This is just a quick update on where we are with Notice of Defaults in the greater Santa Cruz area. As you can see by the graph below, Notice of Defaults have been bouncing between 150 and 200 month since the beginning of the year. Thus we have not seen a real improvement in the market. In the me...
11/05/2009
  Santa Cruz Home Bubble Prices October 2009 As we move to the end of 2009, many home Sellers and Buyers are wondering what direction home values are going ? As I have mentioned on previous blogs, we are still seeing a constant stream of foreclosures with unemployment and negative equity the driv...
10/23/2009
Santa Cruz Beach Home Values   Like most areas through out the United States, Santa Cruz real estate has had its fair share of lost value. However some areas in Santa Cruz County like the beach areas have not been hit as hard. For example the greater Watsonville and south county area has been hit...
07/15/2009
Santa Cruz Real Estate Market Mid Year Forecast 2009    Over the last few months, most experts have been predicting that the bottom of the Real Estate market will happen late 2009 or early 2010.  There are several things that have to happen if a recovery is to occur. First mortgage interest rates...
06/10/2009
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