Tuesday, April 12, 2011
Back in 2007, the average price of a home in Inglewood, California (Not the best area.) was about $513k with higher end homes selling for as much as $625k.
The current average price for a home in the area is now about $242k.
But migratory trends have a tendency to shift - people go where there are better employment and social opportunities.
Sure, many smart people left the South to take advantage of opportunities elsewhere - but the even smarter ones are coming back to do what current residents failed to do.