Home Prices greatest median home price increases in October 2009 Up 49%

The following has been cut and paste from the California Association of Realtors website. It shows the greatest median home price increases from last year. Since when did we experience a 49% increase in home values or even 16% in home values in 1 year? National standard is 7-9%, but not here in California! As you will see below we are experience double digit home value gains in 1 year. Is this a good time to buy? Are we at the bottom of the market and on our way back to recovery? I think the prices have dropped so low that they can't go any lower! Well I guess if interest rates shot up! For free reports on how to beat out other buyers to hot new bank foreclosures visit our website at www.DavidDelgadoRealty.com  and click on our VIP buyer program.

Statewide, the cities with the greatest median home price increases in October 2009 compared with the same period a year ago were: Palo Alto, 49.1 percent; Atascadero, 33.3 percent; Cupertino, 24.2 percent; San Rafael, 24 percent; Emeryville, 22.2 percent, Livermore, 20.5 percent; Culver City, 19.4 percent; Pleasant Hill, 17 percent; La Habra, 16.2 percent, and Novato, 15.4 percent.