CA median home price predicted to fall 7.1% next year

This picture was taken yesterday on the 4th of July. I was happy yesterday while participating in the wave at the Dodger game. I'm not so happy today after learning that my home's value will likely go down next year.

“It’s noteworthy,” Jordan Levine, chief economist at the California Association of Realtors, told the Los Angeles Times. “Prices are going to go down.”

Next year, he thinks the combination of job losses and higher interest rates will cause the statewide median home price to fall 7.1 percent compared with this year, with similar declines expected in Southern California.

Well, at least the Dodgers won.