County median housing price on upswing –

Looks like the county median is up 10% last year according to Dataquick.

According to Alan Gin of the University of San Diego he states that “home values have stopped falling and there are signs that they’re edging up from the bottom. I think we’ll see some stability in the housing market. But it’s going to take a long time – we may not get the inflated heights for a long time”

I think if you were to look at all the gains the lower end has seen a HUGE run up while the upper end has stalled and gone backwards. Depending on how the shadow inventory is handled we may yet to see another reduction in values especially in the upper end. You need to be nimble and quick right now or be prepared to hold for a while.

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