Wednesday, September 13, 2006

OC Register - "New O.C. home prices expected to rise" (9-13-06)

"An Irvine-based housing consultant said in a forecast released Tuesday that new home prices will go up in Orange County next year, but only by about 4.4 percent."

"'We foresee Year 2007 as being a stable year in terms of market conditions'" a report by Real Estate Economics stated."

"The firm, which advises real estate developers, forecast that sales for both new and existing homes will stabilize as consumers get used to high oil prices and international uncertainty and as mortgage rates become more constant."

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