Here are some charts that were given to us at a conference just last week by a California Association of Realtors analyst. According to them the median home price will actually rise as well as the amount of sales. This is all good for real estate. That means we have apparently hit the bottom and should have a growth of 1-2 % .

What is interesting is that they are predicting the interest rates to go up.  If that is the case than buyers should be jumping off the fence now and or in the very near future. If interest rates rise then buyers will get less of a house then they wanted.

Click here for 2011 CA sale projections

Click here for 2011 CA  housing market outlook