• Enter your email address to subscribe to this blog and receive notifications of new posts by email.

    Join 15 other followers

  • January 2011
    M T W T F S S
    « Dec   Feb »
     12
    3456789
    10111213141516
    17181920212223
    24252627282930
    31  
  • Mary K. Lenahan, J.D., Realtor

Signs that it is a Good Time to Buy California Real Estate?


24/7 Wall Street identified 8 States that have insufficient buyers.  California is no 4 on the list, and here is what it had to say about California:

“2010 Foreclosures: 4.08% (4th Worst)
Unemployment: 12.4% (Tied for 2nd Worst)
Decrease in Building Permits 2006-2010: -74.7% (6th Worst)

California’s impact on the housing market is huge. The state is the largest among the 50 in total GDP and housing units. California’s unemployment rate of 12.4% is now tied for second place with Michigan, once the jobless capital of the nation. In 2010, the state had one of the highest foreclosure rates in the country, at just over 4%. New construction has dropped off dramatically as well, with a 74 % decrease in new building permits between 2006 and 2010.”

http://finance.yahoo.com/real-estate/article/111848/the-eight-states-running-out-of-homebuyers?mod=realestate-buy

The above may be a good “buy” sign.  A general rule of thumb in investing is to do the opposite of the herd.  Interest rates are still historically low, but not as low as rates were in the past few months.   

Mary K. Lenahan, JD, Realtor
The Professional Difference
(626) 629.8709
Mary.Lenahan.Dilbeck.com
SEARCH THE MLS HERE
DRE 01867737
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: