by Calculated Risk on 7/11/2005 07:47:00 PM

About four months ago, I wrote that they were giving away free money in The OC (Orange County, CA). At that time the median home price in OC was $555,000.

According to the OC Register, the median home price in May was $585,000. That is a gain of $30,000 in just two months. See Free Money II.

Today the OC Register reports that the OC median home price is now $601,000.

That is a total of $46,000 in FREE MONEY since local RE Broker Gary Watts' prediction of $70,000 in gains this year. I'm starting to feel a little heat for making fun of Mr. Watts' comments.