Let's Support Local
The shelter in place has hit our community hard. Many businesses have been greatly impacted and many folks are out of work. What can we do about that? Well, for one, support the businesses that are open and trying to continue operations during this shelter in place order. If you have an open business in Santa Cruz County I want to know! I will provide a working list of operational businesses to share far and wide. Include your business name, what your business offers, how people can support you and how to contact you, I've made a google form here.
In the News
But how is the market?
I'm receiving word that Wells Fargo is changing their guidelines as far as new loans are concerned. This likely will include a halt on non-owner occupied new mortgages as well as a small number of new jumbo loans. This in turn could effect current home buyers and what products are available to them. As I receive concrete details I will share.
I've put together some graphics to illustrate comparisons. I've broken down the last 4 weeks, as well as the last three days in particular. So, let's compare whats been going on in real estate over the past several weeks. Have there been changes since the COVID-19 outbreak ? If so, what does that look like? The things to look out for would be drastic changes in price reductions, transactions falling through, and removed listings. What do you notice?
It's clear the last week has seen a drop in accepted contracts and pending sales while increasing its removed listings. However, the last few days are seeing healthy numbers of contracts. As things have been evolving daily, I am sure as the days and weeks progress we will be able to garner better opinions.
Kaelin Wagnermarsh
Realtor® DRE 01945819
Santa Cruz County Real Estate Agent
Keller Williams Realty Santa Cruz
