Maureen Megowan's Blog

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Home Price rise predicted for L. A. Region

Los Angeles area home prices are projected to rise 5 percent by next October, according to a report issued by First American CoreLogic, a Santa Ana based real estate research firm.  The Santa Ana firm , however, did cite the fact that about 1.7 million homes nationally are on the verge of foreclosure, what they call a nationwide "shadow inventory" that could weigh down prices as the properties come on the market.

For more information about Palos Verdes and South Bay Real Estate and buying and selling a home on the Palos Verdes Peninsula, visit my website at http://www.maureenmegowan.com . I try to make this the best real estate web blog in the South Bay Los Angeles and the Palos Verdes Peninsula. I would love to hear your comments or suggestions.

Comment balloon 1 commentMaureen Megowan • December 23 2009 07:22PM

Comments

Maureen, Very interesting.  In Naples, the prices have not risen as yet but we are posting 150 per cent gains in sales in the past few months.  Canadians are flocking to Naples to buy.  I would expect we would see gains as well.  Hope this is a trend, don't you?

Posted by Marcia Hawken, Naples Luxury Specialist (WILLIAM RAVEIS ) almost 9 years ago

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