1 Articles match "Land","Long Beach","San Diego"
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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. Some regions of the state — including the Central Valley, San Diego and Riverside/San Bernardino — will experience sales declines greater than the state as a whole in 2007. 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
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MORE
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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. Some regions of the state — including the Central Valley, San Diego and Riverside/San Bernardino — will experience sales declines greater than the state as a whole in 2007. 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