How's That For a Downward Revision?

The California Association of Realtors’ housing forecast now calls for a 28.4% drop in the median price of a California house.

That compares to a projected drop of just 6% originally expected when the association first unveiled its 2009 forecast in October.

via Realtors see ballooning Calif. house-price drops – Lansner on Real Estate – OCRegister.com.

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