In a recent article on Forbes.com and on msn.com, a million dollar home could be a 1 or 2 bedroom.
There are still good buys in here in southern California depending on your real estate goals. Most consumers who buy a home, plan to stay in the home for 5 to 7 years. You could wait until prices go down more but how would you gauge when the bottom is?
Southern California real estate insiders believe that we are experiencing a small adjustment in the market. While others consider this to be a normal real estate market with inventories higher than last year which experienced a record low number of home owners that wanted to move.
1 Million Dollars Buy for a Home?
If you say, “we’re going to wait”. Then, you need to calculate the cost of waiting. If you are renting or own a home, then you are paying monthly expenses to be at that location. Real estate is a commodity and it goes up and down…but over the last 37 years in California, the average appreciation has been 7.92%.
And, people are still moving here….view what you can get in a for a million dollars home in Long Beach, California???
