1.14.2013 – California Price Spike

Southern California real estate prices may soar sky high in 2013, according to some experts.

Each day that I write a blog post for private lender Source Capital, I research to see what’s new in real estate. As I find and share 2013 predictions for the Arizona and California real estate markets, what I have found is the seemingly growing opinion that prices will rise, and rise significantly.

Price increases are a sign of a change in supply and demand. It also represents an active marketplace and the possibility of improved economic health. We have grown so used to hearing about the “buyer’s market,” that regardless of warnings, it seemed it would remain, as it has been forever. Not so, as proven by the already higher property prices and reduced selection.

The seemingly redundant 2012 term, “buyer’s market,” may soon be replaced with terms favoring the seller. As with anything, not all experts agree that the switch will happen, as quickly, if at all. However, I have read an abundance of articles supporting this prediction, so I believe this mode of thinking does deserve support.

Below is an article featuring one real estate investor’s take on the southern California market in the new year.

Southern California Real Estate Price Spike Predicted for 2013.

If you are looking to purchase property in  California or Arizona, you will need funding regardless of the state of the market. If you can’t pay cash outright and have been turned down by traditional banks, a private money trust deed loan with Source Capital, may be your answer.

Source Capital Funding, Inc. is a direct, private hard money lender that provides hard money loans and trust deed investment options throughout California and Arizona. We handle both residential and commercial trust deed loans, as well as private funding for construction projects. Source Capital lends in all major cities in California, including San Francisco, San Diego, Los Angeles,  Anaheim, Sacramento, San Jose, Fresno, Oakland, Bakersfield and Riverside and also in Arizona including, Phoenix, Tucson, Mesa, Chandler and Glendale . If you need a private hard money lender to fund your hard money loan or you want to work with Source Capital Funding as an investor, contact them at 858.705.6144. You can also email us using this convenient online form.

You can learn even more about us on our Google profile page, which includes reviews from some of our clients, investors and associated real estate professionals. A great way to stay up to date with us, including following this blog, is by liking us on Facebook and following us on Twitter.  Happy Monday, everyone! I hope your week is off to a great start! –Sindi Somers

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