SOUTHERN CALIFORNIA HOME BUYERS PAYING ABOUT 10% MORE THIS YEAR TO LAST.
Median home price rose 10% in the month of February compared to February 2009. This coupled with information shared by Leslie Appleton Young, Chief Economist for the California Association of Realtors, would indicate that if you are on the fence about buying, you may want to seriously consider doing something in the next few months. Even if prices dip a bit, interest rates will definately be increasing. Why spend money you don't need to?