While I enjoy Yosemite and the Sequoias, I can’t imagine people flocking to CA’s central valley. Never once have I heard someone say, “I can’t wait to go to Bakersfield.”
Has the bubble popped that drastically out there that it can only go up now? I heard Stockton and some towns south of there got hit hard the last couple years. Did they flush all the garbage out of the system already? If not, I don’t see how it will see a 30% increase. That realtor is on crack.
On a side note, SDrealtor was dead on with the robust spring selling season. Seems like all the houses I’ve been following in Murrieta/Temecula are being gobbled up pretty quick. Not sure about the SD area, but it does look like inventory of good homes that show well is low, and people are turning out to buy them.
If Mr. Mortgage is right, we should see more inventory by September or so, and with it, a decrease in house prices. We shall see…
