Friday, April 17, 2009

California Home Prices Looking Steady

Median home prices in California slipped less than a half percent in March compared to February, a sign that the state’s troubled housing market is stabilizing, according to MDA Data Quick, which tracks housing prices.

The firm said the market was similarly stable in January and February.

"History suggests that these are the kinds of signs you see when a market is approaching stabilization in terms of pricing," Data Quick spokesman Andrew Lesage says. "Are we at the bottom? That's not clear."

Source: The Associated Press, Jacob Edelman (04/16/2009)

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