-22% projected price change in the OC in 2009

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mediaboyz_IHB

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According to this article, the OC is the 6th worst Real Estate Market in the nation and will drop a projected 22% in 2009! Just like Thornberg said, the OC is gonna get hammered.



<a href="http://finance.yahoo.com/real-estate/article/106346/10-Worst-Real-Estate-Markets-for-2009">OC 6th worst in the nation projected to drop 22% in 2009</a>
 
Their 2008 figures must be an average for the entire year because our median house price hasn't been $532K for quite some time. As of last week it was $427K for resale homes, which is pretty darned close to their projected 2009 drop. We've sure gotten quite the head start.
 
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