According to the Real Estate Research Council of Southern California, values have been falling in the OC for a full three years.
Orange County home prices are down 15% from one year ago, an increase over the 14% loss reported from the prior twelve-month period. North OC losses are greatest at 20.9%, Central OC is at 17.7%, and South County and Beach communities are down only 9% over the prior year. The calculations are based on the year ending in October.
This report is in direct opposition to the California Association of Realtors report that single-family values were flat for the year ended October 2009.
Who to believe?
No comments:
Post a Comment