Is it a good time to buy investment property in the California Central Valley?
Patterson continued to come down in price, and I tend to agree that the renters are from the displaced foreclosed homes. Homes have reduced values below what it costs to rebuild them. But it might be the time to purchase now, as there is some strengthening in the median price. Home prices have reached a balance near the median income. With 2 key indicators of low prices and low interest rates, the buying activity increases and prices hold. But if you are looking at buying, one thing to consider: one of the 2 key indicators will go up soon, closing the best window of opportunity.
