The world is in a unique period. Unemployment rates are hitting a low. Meanwhile, the housing market is looking at mortgage and interest rate increases. This situation has created a climate that makes right now the ideal time to buy a house. Even better, your home should be in Southern California. Orange County and Los Angeles County are booming for many industries. Luckily, there are still homes in Southern Calfornia that are affordable (and maybe even a deal). This is why you need to strike now!
People Want to Move to Southern California
Since the recession, unemployment rates have been low across America. California’s unemployment rate has not seen drastic success in every industry. On the flip side of the coin, it has not seen a big drop either. That means the area is expected to remain steady for the foreseeable future.
In areas where some industries saw a drop, others are seeing higher job openings than ever. From December 2017 to December 2018, the following industries reported record growth in the Los Angeles County area:
- Accommodation and Food Services (457,600 additional jobs)
- Leisure and Hospitality (24,400 additional jobs)
- Health Care (16,200 additional jobs)
- Education (15,500 additional jobs)
- Professional Business Services (9,000 additional jobs)
- Arts and Entertainment (7,800 additional jobs)
- IT Services (7,100 additional jobs)
The job market is ripe for the picking. That is why you need to move to Southern California now. Stake your claim in a burgeoning market and set your family up for the rest of your lives.
Houses are Affordable in Southern California
People are nervous to buy and sell right now because new tax bills will see a mortgage and interest rate increase. However, these changes aren’t happening overnight.
The bill is expected to be a gradual rollout, not hitting it’s highest peak until 2021. That means you can lock your interest rate up now at an affordable rate.
This news has made many buyers and sellers nervous. As a buyer, you don’t have to worry about getting into a long, drawn-out bidding war with numerous other potential buyers. It’s a smaller pool of people who are more serious about getting a house in Los Angeles County right now.
In the same respect, sellers who were iffy about putting their house on the market are looking to list before it gets too hard to sell. That means sellers are not going to be pricing their house at an astronomical number. So, you are most likely going to get the best deal right now when you buy a house in Southern California.