Wednesday, December 27, 2006

Los Angeles a Bright Spot in California real estate?

I watch CNBC pretty regularly and there have been some pretty interesting real estate reports coming out lately. Overall, the real estate market in the U.S. isn't looking very good; however, there are some bright spots in the NorthWest and in Florida, according to much data. Overall, California is primed for a drop in real estate prices and San Diego is probably the market facing the biggest losses in real estate value. Even San Francisco is not a healthy real estate market. Yet, many analysts claim that Los Angeles is probably the strongest market in California. So,if you were expecting a big real estate bust in Los Angeles before buying a home, you might want to head down to San Diego instead.