Buying a home in a hot real estate market

Is the Southern California real estate market still hot? While that is certainly debatable, the real estate market certainly isn't cold. Perhaps it's cooled in some areas, but prices are still up significantly over a decade ago.

As the real estate market is typically cyclical, meaning prices go up several years, then down several years, historically, the price of real estate always increases.

Therefore, it's best to think of real estate purchases as a long term investment, much like a 401k, or stock portfolio.

According a Dian Hymer article in MSN there are several things to consider when purchasing a house, including length of ownership, home size, floor plans, and the closing.

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