When one loses 30% or more home equity in one year, dont buy the old cop-out line of "in the long run the housing prices will return to their old highs." For San Diego residential real estate, this is the worst market since the great depression. Unlike a normal correction or pull-back, this once in a lifetime evaporation of real estate values will not soon be forgotten. Partially because of the trauma inflicted on the publics perception of ever-escalating real estate values, will the San Diego real estate market snap back anytime soon. To view the full article, please visit: http://knol.google.com/k/2009-san-diego-real-estate-predictions#
Discuss   Add this link to...  Bury

Comments Who Voted Related Links