According to CNN Money Lancaster California is ranked #10 as one of "Fastest Growing U.S. Cities" (http://money.cnn.com/2007/06/27/real_estate/258_fastest_growing_cities/index.htm). Palmdale California was #25.
This is great news for all of the Antelope Valley residences that are concerned about the rising amount of foreclosures. The current market conditions should be looked at as a great opportunity for those who would like to buy second home and for those first time buyers with good credit.
There are some amazing deals out there. Tonight I looked at a property in Antelope Acres that was almost 5,000 sq. feet with about 10 bedroom rooms on 1.5 acres with an in-ground pool for under $265,000! Wow - what an opportunity for someone who would like to have a board and care home or a facility for foster children. It needed work but it was $55 a square foot! This is just one example of a great REO property (Bank Owned Foreclosure Property)
To read the complete article from money magazine go to: http://money.cnn.com/2007/06/27/real_estate/fastest_growing_cities/index.htm
This is a great time to invest in real estate - the interest rates are still down and sellers are motived!
Antelope Valley Mall - Palmdale & Lancaster both in Top 25 of America's Fastest Growing Cities
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