California cities in new high-speed link hope

Some of California's largest cities will be connected by high-speed rail under new plans unveiled by President Obama.

Mr Obama revealed ten routes across the country that are in line to get federal funding, with the California Corridor being among them.

This would see the San Francisco Bay area, Sacramento, Los Angeles and San Diego gaining the rapid connection, should this area be in receipt of funding.

It will be competing with places like Florida, the Gulf Coast, Chicago and New York state for the cash.

Such a development may also boost the value of California property by providing those living in it with easier and swifter access to other parts of the state.

The property market in California has shown signs of bottoming out, the Union-Tribune reported earlier this month.

Economist Christopher Thornberg told the news provider that those buying in the state at the current time are "smart investors".

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