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HOme prices will rise this year say the experts

By
Real Estate Agent with Marlene Dietrich Real Estate DRE #01291332

4 different analysts from different University economy specialists give us all about the same : home prices will rise this year.

UCLA predicts Orange County homes will rise 7.5% this year, and continuing to climb until 2014.Reports say disappear fear and pent up demand with great affordability. Even though they dont expect another recession they do expect that is will be a slow recovery.

Chapman University predicts home prices will rise 3.3% this year, a much smaller rise.The lingering housing problems will keep it low. They expect the defaults and forclosures to continue but a change in the mix of homes sold and expected job recovery with low prices should positively affect demand for housing.

Cal State Fullerton predicts 2-4% increase even though they expect several weak conditions in the economy to remain.Orange county homes will be expected to rise moderately.

Veros predicts homes in OC to rise at a 2.2% rate. Their thought is that the affordability will drive prices up moderately. Low interest rates make it affordable even though the job market is weak.

No matter how you look at it we are expecting prices to go up, not down so now is the time to buy

www.MarleneDietrichNewportCoastRealtor.com

Marlene Dietrich,Tony & Mike

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