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Millionaire Now! by Larry NusbaumThis blog is based on the organizational principles found in my new book, "Millionaire Now! - A Financial Toolbox with Seven Steps to Wealth". |
Real Estate News & Links
Reverse Gold Rush, from Retailtrafficmag.com, reports that with cheaper housing and job growth to be found in the rest of the Southwest, Californians are conducting a reverse gold rush to Arizona, Nevada and New Mexico. According to the University of Southern California Office of Demographic Research, 250,000 Californians move out of California each year. That's what's behind projections that the population in Arizona will double in the next 25 years, growing from 5.7 million to 10.7 million. In fact, three out of five new residents moving to Las Vegas and Phoenix each year come from California. In addition, many California based companies are moving their operations out of state to Arizona and Nevada because of their proximity to California, allowing these companies to move products quickly to California markets and executives to fly in and out in a day. Reza Etedali, CEO for Irvine based Reza Investment Group, expects this trend to continue for the foreseeable future. "Over the next 10 years, there will be incredible growth in the Southwest," he predicts, noting that about one-third of his clients are now looking for opportunities outside the state. "The region could go through ups and downs, but long term, it's poised to grow."
Barry Ritholtz cuts to the chase re: housing, courtesy of Dr. Brett.
Mortgage applications ease 2.2% Mortgage Bankers Association's survey reveals requests for home loans pulled down by a drop in refinancing activity, higher interest rates. (more)
C.A.R.'s California Housing Market Forecast for 2007: Cooling home sales, modest price decrease next year.
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NOTE: Please click on the charts below to enlarge them if [read more]
NOTE: Please click on the charts below to enlarge them i [read more]
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