It Can't Get Much Better for California - Can It?

In a Seeking Alpha article, CAR Forecasts 24% Price Drop for California Houses, there are some interesting charts and graphs that illustrate the still-falling home prices in California.

At the same time, the author of an article on The Mortgage Reports Blog predicts lower interest rates over the next 30 days. He is in the minority in the Bankrate.com survey, but seems convinced. Quoting from the survey: "Evidence of an economic recovery leads the U.S. Dollar higher and that should be good for mortgage-backed bonds."

Federally backed mortgage limits have been increased as well. We seem to have a trifecta of good news for the CA real estate market. The lines to buy a home in CA should start forming soon...