Southern California real estate has been a great investment for those home owners. I expect that homes will continue to increase in value.
Low interest rates are driving monthly housing payments down, prices higher, until equilibrium
with so much of the Californication home buying coming from Communist China (and now some venture capital firms seeking more rental properties),
it doesn’t require genius to foresee the future of the market once that PRC buying cools down (for any of several likely reasons)
Plenty of idiots out there hoping out hope that the insane left will stop taxing everything to death I guess.
I was told that the spike in prices is being caused by people fleeing the city and moving into surrounding suburban areas.
Put my parents’ house on the market the end of March. Fixed upper. Got 15 offers and were under contract in a week. Sold for almost 10% above list. Closed first week in May.
How many of those living in southern California own homes?
It’s the weather
There is no doubt about it