Whats Happening With California's Home Prices

Hi All,
Wondering what's going on with home prices in California. Well here is a snapshot of the market. Interesting that the lower end of the pricing scale is the most active and guess where Bakersfield is? You guessed it! Right at the lower end. I thought the graph was interesting in that 72% of our sales came from this price range (under 500K) which is actually up from a year ago. I know there are those that say we are one of the worst markets in the country but from my perspective based on what this report says and how my business is there is much opportunity for new buyers as well as those that have equity and want to trade up. I am always the optimist but also realistic and I know that there are a lot of homeowners who are upside down. But I also know that there are a lot who are not. I believe we will see prices fluctuate up and down a little and for the opportunities to remain. Just one mans opinion. I will let you read the article and judge for yourselves. Remember: BE IN THE KNOW!

CU Later,

Carl O
http://www.scribd.com/doc/29691523/California-Real-Estate-Market-Snapshot-Prices