Forecaster Predicts Home Price Increase

Real Estate Agent with Elite Home Sales Team OC BRE# 02066030

Forecaster (First American CoreLogic) predicts home prices will increase 9.5 percent by next August.  The forecaster then is predicting and increase in median home price by $48,000.  Now that is an increase we will all enjoy. 

As usual the price gain would put Orange County out in front of most of the nation.  We have as a state been one of the last into a recession and one of the first out of a recession. 

Some of the other projections for other areas:

  • Los Angeles County     up 6.3%
  • Miami, Dade County     up 6.1%
  • Chicago                        up 4.2%
  • Washington, D.C.         up 3.5%
  • Boston                          up 3.0%
  • New York City               up 2.3%
  • Houston                        up 1.4%
  • Atlanta                          up 0.2%
  • Dallas                            up 0.2%
  • Philadelphia                   up 0.8%

Another forecaster (UCLA Anderson Forecast) predicted that Orange County home prices will increase between 15.9 and 16.6 percent in 2010.

Forecaster and economist Mark Schniepp predicts that home price increase will be 30 percent by mid 2012.



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