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Wednesday, December 14, 2011

O.C. home prices hit 31-month low: Register

With the lowest mortgage rates in history, what will happen to home prices when rates increase?
Orange County’s home pricing got hit with autmun’s chill, as builders had a record-worst sales month.
DataQuick reported this morning that 2,297 residence sold in November. That is up 1.8% from a year ago. That gain came at a price. Literally.
Median selling price was $400,000 — the lowest since April 2009 and off 8.0% in a year. Orange County’s median first hit $400,000 in May 2003
Read it all

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