Home prices in Southern California have been increasing for quite some time, which has fix-and-flip investors asking the obvious question, “How high can they go?”
Well, according to Jeff Collins of the Orange County Register, a lot actually. Yes, we know that for 62 straight months Southern California home prices have gone in one direction. Up. But are we at a peak? Not according to the half-dozen economists he spoke to.
Other questions they addressed include:
- Are we in a bubble now? Not yet they say, but the conversation is starting to come up at “cocktail parties.”
- When is the next recession? Not for at least two years, the economists said.
- Is it too late to buy a home? They concede that now might be a great time, but don’t over-extend yourself.
Click here to read the full report, including supporting data, examples and commentary.
Are you ready to secure a property with fix & flip financing in Southern California or elsewhere in the United States? Anchor Loans has funded more than 15,500 short-term loans totaling over $4.7 billion— the majority of them to borrowers with less than perfect credit and on properties in need of repair. Click here to apply for fix-and-flip loans or get a quick estimate.