Tuesday, May 24, 2005

Cashing out?

It's quite tempting, when you know that your house could sell for 50-60% more than you paid for it a few short years ago. But what then? If you want to stay in the same city, everything around you has skyrocketed as well.

The California Association of Realtors has released sales figures for March and East Bay prices are way up again.

From the East Bay Business Times:
Alameda County saw its median home price hit $549,500 in March, up from March of last year's price of $441,500. The county's 24.5 percent price increase in a year's time outpaced the state's average of 15.7 percent, according to CAR's figures.
The only way that you can really win in this game is if you're willing to move to a less expensive part of the country. It's getting tempting...

No comments: