Why Orange County’s Median Price May Fall Under $400,000

It's a long way to fall I know.  From our '07 high - well over $600,000 - to our median home price  as of July '08 at $460,000 (according to DataQuick).  As tough as that is to swallow, we may still have a ways to go. Here's a picture of the Southern California Real Estate market and the prove…