Median Home Price Article

As I predicted earlier this month, I read an article yesterday about the median home price in SLO County increasing that didn't mention anything about a lower percentage of REO homes (with much lower median home prices) as being a reason.

Another article about the median home prices going up in SF and LA did include that more higher-end homes selling in May was the reason for this.

"The jump was attributed to an increase in sales of homes financed by "jumbo" mortgages above $417,000. Sales of homes requiring jumbo mortgages accounted for 25.5 percent of the Bay Area's home sales in May, the highest since October."