Southwestern California Real Estate Economics

Some will say that it's a good time to buy real estate but, we think that's like saying asprin is a good medicine. It might be if you have a headache... it might not be if you have an ulcer.

What we can say with certainty, is that buying real estate ALWAYS involves taking risk. Our crystal ball is cloudy but we can see that interest rates are at historic lows, property values appear to be settling in to a bottom, people are getting back to work and the economy is in recovery mode. By all accounts we can expect a slow recovery but recovery nonetheless. Inflation is under control for the time being but with underfunded pension obligations and massive government debt. It's reasonable to expect that long term real estate values will move up with future inflation.

Another key factor in favor of rising values is the rising age of our population. As retirees move south in search of warmer weather, they also move west in search of better standard of living. The western migration that began in the 1800's will continue for many generations to come as more learn how desireable a place Southwestern California and Temecula is to live.

Now is a great time to polish up your credit and start looking around to get an understanding of what's going on in the market. As you look around, you may find that perfect home. If you are propertly prepared to act with an offer, we can help you negotiate from a position of power. Click here to search MLS listed homes

At Temecula Realty we believe that better information helps in managing risk and making better decisions. This website is maintained with that goal in mind.

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