Updated about 11 years ago on . Most recent reply
- Realtor, General Contractor, and Developer
- Redding, CA & Bend OR
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California market
For those of you interested in California, and specifically, southern California, Orange County, etc. I thought you might be interested in this. Globestreet Article
- Karen Margrave
Most Popular Reply
I think we're still in the early stages of a 10-12 year real estate rally. Prices will continue to rise for another 8-9 years, but at single digit increases.
I'm telling my clients to buy to live OR to flip in Southern California.
Prices will continue to climb for the following reason in Southern California:
1) The demand is still huge for CA real estate
2) Interest Rates are still low
3) The age group of 25-32 that can't buy today will be looking to buy in the next 2-5 years because of rising rent
4) Continued rising rent will get ppl to buy. I have a couple clients I'm helping to buy because they are frustrated with rising rents
5) The type of homeowners today have more equity stake in the homes than the owners in pre-2007 era.
6) I believe wages will continue to rise some more in the future so that may bring in more buyers from the middle class
7) The US economy and job market continues to gain strength