The idea of buying California real estate in a declining market is not usually something you would consider. This is because it will be awhile before you will make any significant profit off of it. However, the market is near bottom and about to turn-around so the window for opportune buying is closing.
The basic argument for a turnaround is that the federal government has essentially put a floor under the current real estate market, buying up the bad mortgages, offering incredible incentives including tax credits, and with prices down sharply, the bargains are everywhere. Real estate sales are picking up, but almost all below market prices. These events are all lining up to create ideal conditions for real estate investors interested in buying real estate around the country.
California Real Estate News and Information 