1 Articles match "2005","Land","Long Beach"

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Realtors '07 Forecast Looks Promising for Future Foreclosure Activity
LONG BEACH, Calif. — The CAR forecast also calls for a 2 percent drop in the state’s median home price next year from a projected median price of $561,000 for 2006, down to a projected median of $550,000 in 2007 — a stark contrast to a year ago when most forecasters were predicting a soft landing and few were expecting prices to fall and sales to plunge. Moreover, sales of California homes are expected to sink 23 percent this year compared to 2005 and fall another 7 percent next year. If California’s economic indicators stay at their present course, 2007 should be a very good year for investing and purchasing foreclosure properties at bargain prices.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • The Best from RealtyTrac MORE
  • Realtors '07 Forecast Looks Promising for Future Foreclosure Activity
    LONG BEACH, Calif. — The CAR forecast also calls for a 2 percent drop in the state’s median home price next year from a projected median price of $561,000 for 2006, down to a projected median of $550,000 in 2007 — a stark contrast to a year ago when most forecasters were predicting a soft landing and few were expecting prices to fall and sales to plunge. Moreover, sales of California homes are expected to sink 23 percent this year compared to 2005 and fall another 7 percent next year. If California’s economic indicators stay at their present course, 2007 should be a very good year for investing and purchasing foreclosure properties at bargain prices.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE