Cal Home Sales Down, Prices Up 2009

LOS ANGELES-Home prices throughout most of California will decline in 2009, according to a forecast issued by the California Association of Realtors.

"The current uncertainty about the financial system and economy is likely to persist over the next several weeks, and could extend into next year," said CAR president William E. Brown. "Our forecast assumes that the financial system will begin to show signs of stabilization late in 2008 and into early 2009."

The Home Seller Assist program should profit greatly from this.