HomeUnion, an online real-estate investment management firm, announced that it has added Southern California to its list of active investment markets.
As a result, investors can use HomeUnion to find pre-vetted, single-family rental investment properties in Southern California, starting with properties in Los Angeles County.
HomeUnion said there is a lot of strong interest from Asia-based investors who are seeking growth and a haven for capital due to the increased volatility of the Asian equity markets.
And despite the fact that Southern California’s home prices are significantly higher than traditional HomeUnion markets, they offer great growth potential due to strong appreciation.
“The disruption in the Chinese equity markets and the massive government intervention to halt a slide that began last year, has made tangible U.S. assets such as real estate in major markets like Southern California, attractive as a haven for investment capital,” explained Don Ganguly, CEO of HomeUnion.