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The California Credit Union League released their forecast for the housing market.  They see some stabilization coming in late 2009 with an increase of home sales especially in the lower priced segment of the market.

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The CCUL expects the median home price to increase by 8% in early 2010 throughout Los Angeles and Orange County.  Home sale increases will likely begin with the coastal regions of the state.  They expect the state of California as a whole to have a 5% increase in their median price by 2010. 

Due to the low rates and government incentives to buy the CCUL has already begun to see an increase in mortgage applications for first-time homebuyers.  The strongest demand right now is for foreclosed and lower-priced homes.  

 

 

 

Adam Brett
The Adam and Eric Team
The Adam and Eric Team
Orange County Real Estate
Tel: 714.496.8116 |  Fax: 714.849.5798
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3 Comments on Median Home Price To Increase 8% In 2010

AUG
25
2009
680,192 Points 18 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

Wow -- does this look like a recovery may be on the way?
10:02pm • #1
115,439 Points Hit Router

Lets hope this is a trend that continues across the country.
10:05pm • #2
AUG
26
2009
224,448 Points 22 Featured Posts Outside Blog Hit Router Attended Rain Camp Called Shot Master

I ready for it!  I specialized in new construction and land development prior to the market crashing.  I feel like we've been in a market crisis for three years now.  I'm ready to see to see the existing inventory move and a demand for new construction again.
7:14am • #3

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Adam Brett - Fullerton, California Realtor

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