Santa Cruz Real Estate Digest, Ed. 59
In This Month's Issue
The Flood Factor: Updated flood maps are sobering. Is your home at risk?

What Happens When the Eviction Ban Lifts?

Christine's Corner: Demand for High-End Homes Remains Prominent Amidst Pandemic
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.





The Flood Factor: Updated flood maps are sobering. Is your home at risk?
Until recently, the primary tool for figuring out whether or not your home sits in a flood-prone location was to check the Federal Emergency Management Agency maps; however, as a result of the costly research required to make the maps, the intense labor, climate change, and even political influence, these maps have long been suspected of broadly underestimating the risks of flooding for many homes. A recent study conducted by The First Street Foundation indicated that, in fact, over  14.6 million properties  across the country are at immediate risk of flooding.
What Happens When the Eviction Ban Lifts?
As a result of the recent pandemic, legislation has been passed on a multitude of levels to protect tenants facing financial difficulties from being evicted. The hope was to keep people safe in their homes during stay-at-home orders, as well as protect those who have faced financial loss as a result of the spreading virus. These legislations were passed over three months ago, and some are set to expire soon – However, at a time when there are still millions out of work, and hundreds of new cases reported each day, how will our communities respond when the eviction ban lifts?
Christine's Corner: Demand for High-End Homes Remains Prominent Amidst Pandemic
A recent survey conducted by  Zillow  has identified that while affordable housing remains low at this time, high-end property listings have actually increased.
Property listings in major markets increased compared to the year prior – San Francisco up 33.5%, San Jose up 27.3%, and Miami up 13.1%.
The variance apparent in the housing market has been attributed to four main factors.

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