The price in the south bay of a single family home topped one million.That’s a 15% increase over last year.
However, most economists dont see a bubble and are forecasting a general 5% increase for this year for SoCal in general.
Luxury homes over 2 million have stalled.
Riverside and San B are stlll 18% below their pre-recession highs so if you don’t mind shlepping in disgusting traffic, i guess that’s the best bet for an investor.
