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Old 05-02-2013, 05:36 PM
 
31 posts, read 38,349 times
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What is the real estate like in Woodland Hills and Chino Hills at the moment? Doesn't seem like there is much going!
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Old 05-02-2013, 06:42 PM
 
4,538 posts, read 10,624,896 times
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I don't know why these real estate threads are suddenly popping up like crazy.

There's simply very very low inventory at the moment. That goes for the entirety of California as well as Las Vegas. Is what it is.

It's a fact that can be verified by reviewing active listings on a site like Redfin, or reading any number of blogs that are real estate oriented to So Cal.

My advice is people should rent. Banks are possibly withholding inventory. Even if they are not, places will become available one prices rise to zillows "make me move" prices and the monetary amount is so large that people "have" to sell.
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Old 05-02-2013, 06:44 PM
 
Location: Arvada, CO
13,827 posts, read 29,923,286 times
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Quote:
Originally Posted by StuckInNewZealand View Post
What is the real estate like in Woodland Hills and Chino Hills at the moment? Doesn't seem like there is much going!
I'm not sure why you're considering two places that are like 60 miles (and worlds) apart.
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Old 05-03-2013, 10:55 AM
 
223 posts, read 470,559 times
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Quote:
Originally Posted by David Aguilar View Post
I'm not sure why you're considering two places that are like 60 miles (and worlds) apart.
I thought this was an odd comparison as well. These cities are like two different worlds.
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Old 05-03-2013, 12:28 PM
 
Location: Los Angeles (Native)
25,303 posts, read 21,443,353 times
Reputation: 12318
Quote:
Originally Posted by JohnG72 View Post
I don't know why these real estate threads are suddenly popping up like crazy.

There's simply very very low inventory at the moment. That goes for the entirety of California as well as Las Vegas. Is what it is.

It's a fact that can be verified by reviewing active listings on a site like Redfin, or reading any number of blogs that are real estate oriented to So Cal.

My advice is people should rent. Banks are possibly withholding inventory. Even if they are not, places will become available one prices rise to zillows "make me move" prices and the monetary amount is so large that people "have" to sell.
Yeah true I agree with this . It's crazy how 100+ days on the market was normal like 6 months ago..and now it's like 2 weeks. that's a huge difference.

I bet it would just take a couple of "The NEW real estate boom is coming to an end --- sell your home now" articles and people would be listing their homes like hotcakes.

In any market though if people own a house and like the area...they don't have an incentive to sell.
There's the whole greed factor too of let's see how much more the market can go up.

With homes you don't really know what something can sell for until you put it on the market and someone makes an offer. Lot's of psychology involved in the housing market.
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Old 05-03-2013, 02:38 PM
 
Location: Santa Monica, CA
1,626 posts, read 4,012,837 times
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Isn't it normal to have an upswing buyers in spring? Ben Bernake is driving interests rate so low that higher prices seem inevitable. I don't think low housing inventory has been unusual at various times in the past few years in SoCal.
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Old 05-03-2013, 03:12 PM
 
Location: LA/OC
1,083 posts, read 2,169,536 times
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The inventory is unusually low and we've had an influx of buyers since long before Spring.
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Old 05-03-2013, 11:51 PM
 
4,538 posts, read 10,624,896 times
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^^^ What he said.
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Old 05-04-2013, 04:08 PM
 
Location: LA
223 posts, read 523,516 times
Reputation: 94
The inventory might be low because its cheaper to buy then rent right now. We just bought about 6 months ago, and can rent for more than what we pay on insurance and taxes.

Vegas seems to be back in their construction boom. We just came back from there, and its pretty crazy once again. Even busy at 3am on a Wed. morning in the casinos.
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