asr: Link came from 'the bigpicture' left side categories ..
The 2009 forecast calls for a further decline in home prices, down 6 percent for the year following a 32 percent decline in year 2008 .
C.A.R.'s California Housing Market Forecast for 2009 -- See table
Given all those factors, and the uncertainty left in the marketplace, it was no doubt difficult to come up with a forecast for 2009, but Appleton-Young and her staff at CAR did a very admirable, and thorough, job of it. Based on the historic data she presented, it appears as if California is set to come out the other side in pretty good shape, probably by the second half of 2009 if no other major events change the nation’s — and the state’s — financial landscape
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As long as no other major events? Are you kidding, major events are happening daily.
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