real trends

Are home prices really up 12 percent in Orange County CA???

The OC Register today stated that home prices are up 12%.  That sounds so great , but is that really accurate? First of all, the price they are quoting is the Median home price.  That means that 50% of the houses closed for more than $432,000 and 50% sold for less.  In reality, that means that homes under $500,000 saw bigger gains than those over that amount. Here are some March statistics for North...

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