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San Bernardino and Riverside Counties The Inland Empire
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Old 12-29-2019, 08:36 PM
 
11 posts, read 18,548 times
Reputation: 10

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A friend of mine is planning to move to the area from out of state and is thinking of buying a house. I am not sure if the housing market is already at its peak. Talking to a few local friends and they said the house lost 50% value in the great recession. Any thoughts? Thanks.
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Old 12-30-2019, 02:14 PM
 
Location: San Diego
1,189 posts, read 1,340,835 times
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Plenty of inventory especially if looking for a 2 story home. Generally speaking, Temecula is more expensive than Murrieta which is more expensive than Menifee. There are nice areas in all.

Whether the prices will go down any or at all is anyone's guess.
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Old 01-05-2020, 10:02 PM
 
1,355 posts, read 1,971,190 times
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Look at Ontario Ranch instead. This area will give better home investment return rate than Menifee. Some real estate agents say it's the new Irvine in the future, before every homes become over $1 million soon. Many, many people refuse to drive far out that is not closer to downtown LA. From 15 south freeway and exit at Railroad Canyon Rd. to Menifee is a terrible mess. Menifee will struggle at $500,000 range for next 20 years.
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Old 01-08-2020, 04:14 PM
 
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Have your friend look at houses in Murrieta and Temecula. I've lived in Murrieta since 2000, when I bought my first house. I've been here when the house values plummeted and came back up. It's a great area for families, not a lot of craziness goes on unlike the busier cities. Great schools too if your friend has kids
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