Where is the Status of OC Real Estate – Glass Half Empty
Category : Laguna Beach Real Estate
“HOUSING PRICES REMAIN WEAK”
Home prices have pulled out of their recession free-fall but remain weak as concerns linger about the strength of the economic recovery.
But another report Tuesday showed consumer confidence strengthened in May as the improving labor market buoyed Americans’ hopes for further economic gains.
Prices have snapped back the most in San Francisco and San Diego in the past year, up 16.2% and 10.8%, respectively… Home prices took the biggest hit in Las Vegas, where they were down 12% for the year.
ORANGE COUNTY REGISTER BUSINESS SECTION 5/26/2010
“ HOME PRICES FALL DESPITE GOVERNMENT AID”
Is the housing market running out of steam? According to economist Robert Shiller, there is a real possibility of some more decline.