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Why are So Cal Home Prices Rising?

By Janine Kirchnavy

Real Estate Agent with 44Realty Corporation CalBRE 01048899

November 30, 2012 06:58 AM

Although real estate is local, in general, there are at least five significant contributors to rising prices: Housing affordability

increasing housing formation
rising rents,
low inventory, and
limited supply of distressed sales.

Housing affordability is attractive based on traditional metrics such as price-to-rent and price-to-income measures, largely because prices have fallen so far. Housing is even more affordable considering today’s low mortgage rates.

Richard and Janine Kirchnavy, Prudential California Realty (909) 945-3662

If you are looking to buy or sell real estate in Southern California, please contact us today! Richard and Janine Kirchnavy, Prudential California Realty (909) 945-3662 DRE License # 01016593 / 01048899

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