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California Association of Realtors (C.A.R.) Releases California Housing Market Forecast for 2010
"After experiencing its sharpest decline in history, we expect the median price to rise moderately over the next year," Liptak added. "2010 will mark the beginning of the 'new normal' for California's housing market. This 'new normal' will likely feature a steady stream of sales driven by distressed properties in the low end of the market, coupled with moderate home-price appreciation."
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