Spring time means the “for sale signs” are going up and the housing market is soaring. Things were really booming last year, but this year things are exponentially busier than last. March sales are up 25 percent compared to March last year. So which areas are seeing the most movement? A majority of it is heading towards many of the growing cities in Southern California! You also may notice more luxury apartments “going in” as a result of people either returning or moving into the area. There are numerous contributing factors. It may have to do with home owner’s job relocation or empty nesters, or may possibly be unsure of which area they want to live in. Because of this, there is a lot of new construction with apartment buildings. The first quarter of 2015 alone is up 9%., which means sellers are getting a better deals than they bargained for! This may be a sign that the housing market is finally starting to see change.
