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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: TH who wrote (19350)4/13/2004 9:09:23 AM
From: Amy JRead Replies (1) | Respond to of 306849
 
RE: "he said, about 7.5% of the houses in the county may be owned by investors"

Wonder how many homes this percentage translates into - # homes in LA that are owned by investors?

Meanwhile, in the Bay Area, would guess the percent is more like 20% of all homes are owned by investors.

Regards,
Amy J



To: TH who wrote (19350)4/13/2004 6:33:26 PM
From: David JonesRead Replies (2) | Respond to of 306849
 
Home values in Los Angeles County posted the biggest year-over-year........median sale price up 29%,

I'd hap a guess it's around 20% here in N Cal.
It's insane, I've seen a fourteen month old 500k appraisal turn into a 695k sale. And a 650k into a 775k.


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