Wondering What's Happening with Home Sales?

What’s ahead for home prices? California remains ahead of the nation in market recovery with many first-time home buyers entering the market due to affordable home prices, low mortgage rates, and first-time home buyer tax credits from the state and federal governments.  However, credit still is tight and unemployment remains high, which could hinder a full market recovery until 2011. KEEP THIS IN MIND Home sales in California hit bottom more than two years, and the median home price of an existing, single-family home reached its trough in February,…

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