91302, Calabasas, CA

The 91302 zip code of Calabasas, CA is located in the Los Angeles metropolitan area. The median home value in this zip code is $1,012,000. Home equity in this zip code has increased by over 20% since 2007. This increase can be attributed to a number of factors including an increase in home prices and an increase in the amount of available credit.

There are a number of factors that affect home prices and home equity. Some of these factors include interest rates, economic conditions, population growth, and housing stock availability. In general, it is difficult to predict which factor will have the most impact on a particular market. However, there are some indicators that can help investors anticipate trends in the market. For example, if there is an increase in demand for homes due to strong economic conditions or rising inflation rates, then it is likely that prices will rise as well. Conversely, if there is a decrease in demand for homes or if interest rates go up significantly, then it is likely that prices will fall as well.

In terms of home values specifically within the 91302 zip code of Calabasas, CA there has been a noticeable trend upwards over the past few years. Between 2007 and 2016 alone (the most recent year for which data is available), the median home value increased by 20%. This trend appears to be continuing into 2017 so far with median values increasing by another 2%. It should be noted that while all areas within California have seen increases in home values over the past few years (due to various reasons), Southern California has seen particularly high levels of growth (in terms of both price and volume). This may be partially attributable to stricter lending standards implemented by banks during the recent recession (which made it more difficult for people to get mortgages) but also reflects strong demand from buyers who are able to afford higher prices relative to other parts of the country.

While many people believe that rising home values are indicative of an improving economy overall (since homeowners tend to spend more money than renters), this isn't always true - especially when one considers things like income levels and credit scores . In fact , some studies have shown that when compared with other asset classes like stocks or bonds ,home ownership actually tends not correlate very strongly with long-term financial success . While this doesn't mean you shouldn't invest your money wisely into property assets (or any other type!), it does suggest that buying a house isn't always a surefire way to achieve financial security down the road .