They were wrong about California Home Prices

The media continues to play up the bad ecomonic news, including real estate problems in the lending marketplace. The truth is, a home remains the most enduring investment most of us will ever make.

That's because the return goes so very far beyond financial rewards.  To own a home is to make a priceless investment in our lives - and a confident affirmation about our future.

Here is what the news media has said over time:

• 1969- "The goal of owning a home seems to be getting beyond the reach of more and more Americans.  The typical new house today costs about $28,000." - Business Week
• 1969- The median price of a home today is approaching $50,000. -  Housing experts predict price rises in the future won't be that great." National Business
• 1985- "The golden age of risk free run-ups in home prices is gone." - Money Magazine
• 1996- Defense cuts had triggered steep home declines..."A home is where the bad investment is." - San Francisco Examiner

In the three years following the last statement, California home prices rose 19.7%, wiping out the loses of the early 90's and ending the next decade with a net gain of 9.35%.

Real estate professionals at the top of their game are engergized by the challenging market cycles. And, with interest rates still near historic lows, this may one one of the better times to buy a home.

You can search for Orange County, California homes at www.HartanovTeam.com

• San Clemente homes by Aerial Maps

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