Are the rising prices in El Dorado, California here to stay or are they going to crash?
- Posted:
- 3+ months ago by henrybful...
- Topics:
- california, crash, price, rising, dorado, stay
Answers (1)
That’s a remarkable question because often trends like these have been observed to be quite transient in the past. That being said, rising prices of El Dorado Hills houses for sale are unlikely to a temporary thing because of the solid factors driving it. A lack of construction of new homes coupled with legal boundaries on construction delays the supply of houses. These are two crucial factors which are limiting the number of house sales in the region. Not only that, the population is, at the end of the day, rising sharply across the state and it’s unlikely that these driving forces will disappear suddenly.