CALIFORNIA Housing Market: BEST v. WORST Cities to Buy 2021?

California's Housing Market is approaching Bubble Territory in 2021. But some cities are more at risk of a Housing Crash than others. Find out what the BEST v. WORST cities are for real estate in California!

Real estate prices across California have reached record levels relative to wages. At the same time, there is an exodus of people migrating out of California. One has to wonder - how much longer before the Housing Market Crashes?

Certain areas of the state are in rough shape. San Francisco, San Jose, and Los Angeles are losing people left and right, with huge outward migration and job losses. These are also the most expensive real estate markets in the country, with home prices well above local wages.

But markets such as Sacramento, Riverside, and Stockton are actually receiving inward migration. Their population and job counts are growing, unlike the rest of California. At the same time home prices in these cities are much closer to local wages.

One downside with the markets like Sacramento and Bakersfield is that they got hit very hard in the last housing crash. Home prices declined by 50-60% from 2007-12. With that type of historical downside and volatility, there could be risk, especially in the midst of the 2021 Housing Bubble.

But there are significantly fewer homes and apartments being built in the Central Valley of California now compared to the mid-2000s. That means there is a more legitimate Housing Shortage in the region today than before the last crash.

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0:00 California: Top Cities to Buy?
1:32 County by County Migration 2015-20
5:13 Migration: Key Factor for Appreciation
6:58 2007-12 Housing Crash Price Declines
9:33 California Crash: Why did it Happen?
11:29 Permit %: Housing Shortage in 2021
14:05 Why Doesn't California Build?
16:31 Affordability: Value / Earnings Ratio
19:32 Sacramento, Bakersfield, & Riverside
21:00 23% of You are from California!

#CaliforniaRealEstate #CaliforniaHousingMarket #HousingBubble

Видео CALIFORNIA Housing Market: BEST v. WORST Cities to Buy 2021? канала Reventure Consulting