Amidst all the bad there is some good news in California Real Estate… Housing prices are on the way up! According to MDA DataQuick, the median price in the Bay Area was $352,000 in June, up 3.1% from May but still down 27.4% from a year ago. In Southern California the median price was $265,000, up 6.4% from May but down 26.4% from a year ago. Foreclosures are becoming a smaller factor in home sales, and mortgage financing isn’t as difficult to get as it was in the fall and winter. Home sales appear to be on the rise, increasing steadily over the last ten months. Buyers are returning with the belief that the bargains won’t get any better.