City Of Angels - Los Angeles is sometimes also known as the “Sultan of Sprawl.” But thats not where the latest growth is. Most of the Californians or new settlers are actually heading somewhere else.
Angelenos are packing their bags and heading 60 miles east to San Bernardino, where twelve of the country’s 100 fastest-growing suburbs are located. Leading the pack? Beaumont. It has experienced 130% growth since 2000.
So why is Beaumont so popular.
_______________________________________________________
This wont probably shock many but U.S. home prices tumbled in April at a record rate.
The fallign prices in April were at their fastest rate since a widely followed index was begun in 2000 with all 20 metropolitan areas surveyed posting annual declines for the first time.
The Standard & Poor’s/Case-Shiller home price index of 20 cities fell by 15.3 percent in April versus a year ago. Prices nationwide are at levels not seen since August 2004.
