subject: Future Growth Predicted In Roseville, California [print this page] The community in Roseville, California is really investing in the future at the moment. There are plans afoot for a $100 million civic centre to be built in the city to house city staff that is currently cramped into the existing civic centre. Last week the city leaders set aside $7.1 million to spend on the design of the new offices. A new police station to serve the local community will also be built. The building plans should ease the space problems and overcrowding of staff that occur at the moment. The new building could be done in late 2012.
And there was more good news for the community in Roseville recently, as a local school came out third in a list of best schools in the state. Over the last ten years, the school has combated truancy problems among pupils and made the school one of the best in the state. The school has worked hard to install a set of values in its students that mean they take responsibility for their education, and the results are paying off. Schemes involved pairing students with faculty members who mentor and monitor them for the 4 years they are at the school.
The local schools are one of the major factors attracting people to Roseville, which is seen as a great place for people to raise a family, and this is one of the reasons that houses are still shifting here, despite the national housing slump. Roseville is still pulling in good prices on houses, although those prices have fallen, and affordability has risen, in recent years. The mixture of housing stock available in the city, from condos to larger family homes and luxury mansions, and the status of the city as an economic centre of the State, have both worked to draw in buyers.
There are certainly deals available for first time buyers. The median house price was $679,000 at the start of this month, but there are also many foreclosure deals available, with 231 foreclosed houses currently on the market. And there are plenty of houses of the market generally the latest figures show almost 1,500 altogether. And house values in Roseville have generally risen since 2006, meaning that the city is a good place to invest. Experts are predicting that house prices are likely to rise again within a couple of years, so for first time buyers who are willing to wait out the current housing storm before selling up again, there are potential profits to be made.
The job growth in the city was on the rise this month too, which is also good news for potential buyers. Job growth was 3.2% at the start of the month. And with increasingly attractive mortgage deals on offer, more buyers are getting the market moving. Experts say this is just what is needed to pull the market out of the current slump and get property values on the rise again.
