First American CoreLogic ( a Santa Ana based home-data firm) has come out with a report predicting
that O.C. home prices will be up 9.5% by August 2010. If this is becomes true, the median price of a home in O.C. would increase by $48,000 from the August 2009 median of $500,000.
First American expects the overall home prices in California to rise 7.9% in August and home prices nationwide to increase 4.6%. They projected March to be the month in which home prices hit bottom.
Many organizations are putting out their forecasts at the moment including UCLA, Cal State Fullerton and the California Association of Realtors – it will be interesting to see which one is the most accurate.
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