California's rollercoaster ride to end?

CAR: Different tracks for low-end, high-end homes

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The up-and-down rollercoaster ride that California home sales and prices have been on for the last several years could finally even out in 2010, although the state will continue to have a bifurcated housing market, the California Association of Realtors said today.

The "new normal" for California housing markets — brisk sales and lean inventory on the low end, coupled with continued roadblocks to closing deals on the high end — could produce a slight increase in the state’s median home price, even as sales cool down a bit, CAR said.