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How Local is Local?
How Local is Local?
Okay, so after I wrote my blog this morning about real estate being local, there was an interesting post on my Twitter Feed from a mortgage company.  It's to THIS LINK - an interactive tool on CNN Money.  This tool let's you look at the real estate forecast in your city.  Really, my city?  How exciting!
However, when I go to click on "my city", the closest city is actually Los Angeles.  What's wrong with this picture!  Well, for starters, Los Angeles metro is about a one and a half hour drive from east Los Angeles County, where I live.  Seriously, you want me to call this local?  

There is no possible way that Los Angeles real estate is the same or even close to La Verne real estate or anywhere along the 210 corridor where I live and serve. For instance, I serve Pasadena through Fontana.  I just sold an older home in Pasadena with three bedrooms and two bathrooms for nearly $550,000.  A home of this size and age in Fontana would be around $250,000.  A huge difference!  And in Fontana, there is quite a bit of newer construction where you can purchase a home for around $350,000 that has four or more ... more

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