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Your House, Your Fortune

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The California Association of Realtors is out with their predictions for home sales for 2011. First, the group says that home sales in California will drop 10% (units, not prices) this year from 2009. Only “minor improvement in the housing market” will be seen next year: Specifically, home sales will rise 2 percent from 2010 numbers. An expanded forecast presentation--hopefully with some more local data--will be presented later this week. Official release. [OC Register/CAR]