California bubble got ya thinking take my home equity and run?
If you watch the financial news, you know that bubble talk is a frequent topic when the conversation is about Los Angeles and Southern California real estate.
While most market analysts don't see a bubble burst anytime soon, they do see the market slowing in many areas of Southern California.
Of course, some areas of Los Angeles, the Inland Empire, San Bernardino County and more, continue to rise in value.
The trend for many on the coast is to move inland, and not just inland California, but Arizona and Nevada as well.
Because of the equity gained on the Southern California coast, many are using those gains to move up in inland, cheaper areas.
According to a recent BusinessWeek article, Southern Californians are migrating to Las Vegas and Phoenix in mass numbers, causing month-long wait times for moving vans.
If you think it's time to sell your house, let us help you find a real estate agent that specializes in your area of Los Angeles or Southern California.
Click here for a real estate agent.
While most market analysts don't see a bubble burst anytime soon, they do see the market slowing in many areas of Southern California.
Of course, some areas of Los Angeles, the Inland Empire, San Bernardino County and more, continue to rise in value.
The trend for many on the coast is to move inland, and not just inland California, but Arizona and Nevada as well.
Because of the equity gained on the Southern California coast, many are using those gains to move up in inland, cheaper areas.
According to a recent BusinessWeek article, Southern Californians are migrating to Las Vegas and Phoenix in mass numbers, causing month-long wait times for moving vans.
If you think it's time to sell your house, let us help you find a real estate agent that specializes in your area of Los Angeles or Southern California.
Click here for a real estate agent.
2 Comments:
Then why is Yucca Valley which is still cheaper, slowing down as well. People from all over can buy more house for the money.
Currently, rising interest rates are a big factor, in addition to the season. Winter is always a time when interest in real estate slows down.
Also, the real estate market is slowing because property values have continued to rise, pushing more and more prospective buyers out of the market.
Nonetheless, even a slower market hasn't reduced the price of many homes. Eventually, however, it probably will, and that's why many might be thinking about taking their equity out of some markets.
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