CNN Money posted an article showing predicted growth in home prices for 2006, and California has been hit hard.

Eugene-Springfield on the other hand appears to be in a good position. CNN Money is predicting 5.2% growth in 2006. And since their 16.6% growth amount for 2005 is slightly lower than the 18.9% reported by the media, I suspect that growth may be closer to 6-7%.

What this should tell the first-time homebuyer is that there’s no point in waiting for a drop in Eugene home prices. Many of the cities that may see growth are small cities near metropolitan areas. Many of the cities seeing a decline in home prices are in the bay area or Southern Cal. On the other hand, a slowdown in home price growth may mean more opportunities to buy - more choice than in the past.

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