Quote:
Originally Posted by Alen E90
Well the California RE market is skyrocketing at the moment, but from what I have heard from many people that I have spoken with is that there is a huge chance that unfortunately the market will crash again  |
The California RE market is not skyrocketing and is not in jeopardy of a correction. It is only 3 years off the 2012 rebound and growing at a historically steady rate. Based on history, not what "many people" say, there should be at least another 4 years of growth before there is any sort of correction. The LA job market is rapidly growing. However, the housing supply is not increasing. That means the increasing prices are the direct result of increasing demand and limited supply. Also, as foreign markets continue to struggle, investors will be increasingly looking to relocate their money back in stable U.S. assets, e.g., real estate.