The Latest FACL (First American CoreLogic) Orange County Home Price Prediction:
House prices are expected to increase over the next year by 4.5 percent. Excluding distressed sales, over the next year house prices are expected to increase by 5.6 percent.
**Two major unknowns that are not explicitly taken into account by the forecast are how the “shadow inventory” of homes may come on to the market later in the year, and the expiration (or possible extension) of the federal homebuyer tax credit in April which has stimulated sales activity and the clearing of inventory.
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