Southern California real estate most volatile in U.S.
According to Standard & Poors housing volatility index, Southern California is the most volatile real estate market in the U.S.
Out of the top 10 housing markets in the U.S., 7 are in California, particularly concentrated in Southern California. For example San Luis Obispo was the number one most volatile market, followed by Ventura at number 3, Santa Rosa at number 5, Orange County at number 6, Riverside number 7, Los Angeles number 8, and Yuba City at number 9.
So, should you sell right now, before the bubble crashes?
The highest house values are on the coasts of California and the Northeast, which also happen to be the best areas for growth.
Therefore, while 20 percent appreciation gains per year will eventually end, it is quite possible that gains already made will hold, and appreciation growth will simply slow.
Click here to be contacted be a Southern California real estate agent.
Out of the top 10 housing markets in the U.S., 7 are in California, particularly concentrated in Southern California. For example San Luis Obispo was the number one most volatile market, followed by Ventura at number 3, Santa Rosa at number 5, Orange County at number 6, Riverside number 7, Los Angeles number 8, and Yuba City at number 9.
So, should you sell right now, before the bubble crashes?
The highest house values are on the coasts of California and the Northeast, which also happen to be the best areas for growth.
Therefore, while 20 percent appreciation gains per year will eventually end, it is quite possible that gains already made will hold, and appreciation growth will simply slow.
Click here to be contacted be a Southern California real estate agent.
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