Homebuyers are increasingly optimistic about the housing market, according to a recent survey by the California Association of Realtors.
More California homebuyers believe home prices will rise over the coming decade, with 25 percent of those surveyed saying prices will go up in the coming year, 41 percent saying they will increase over the next five years, and 73 percent saying they will rise over the next 10 years. When the same question was asked in 2009, the percentages were 8, 35, and 60, respectively.
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