Considered the eighth largest economy in the world, California saw a near-doubling in home sales in the fourth quarter, a pace surpassed only by Nevada's 133.7 percent growth.
Why is this important?
The economy of California is a dominant force in the economy of the United States, with California paying more to the federal system than it receives in direct monetary benefits
For many young couples, plummeting prices and record-low interest rates make it possible to own a home in California for the first time. And of course, Investors can snap up foreclosed properties for cheap and sell them during the next boom, one that is possibly not far off.
Combined with the new California tax breaks, many dreamers are finding gold during the housing bust.
California isn't the only market with investors and dreamers! If you are an agent, many opportunities are opening up for you. To learn more about how to market to investors, try the real estate marketing tools from TReXGlobal.com.
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