Like a rock thrown into a still pond, everything in the water will feel the effects of change to some degree. The housing market is no different and the effects of the credit crisis are creating ripples all around the world. Santa Cruz is not immune to the negative impact of our national real estate condition. However, the degree of impact has been minimal in relation to other areas due to the uniqueness of the Santa Cruz market. This has a lot to do with many factors including; geography, demographics, supply and demand.
