Frank Crowley,  in Vista, CA

Has the San Diego market hit bottom, during the end of 2008?

Asked by Frank Crowley, Vista, CA Mon Dec 8, 2008

Now in my third year as a realtor, studying the market the entire time, I see many pieces of evidence showing that the market has hit bottom. Because of the governments' proactive reaction to the financial crisis, I see signs of foreclosures slowing to a manageble rate. As more banks begin to negotiate with their clients who are close to forclosure, less homes will end up driving the market down.

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Don't think so!!! http://www.bloomberg.com/apps/news?pid=20601087&sid=aXTW…

http://online.wsj.com/article/SB122818894948271631.html
http://economix.blogs.nytimes.com/2008/12/05/workers-give-up/
http://www.housingpredictor.com/california.html
http://www.nytimes.com/2008/12/06/business/economy/06jobs.html?hp

We could do this all day, would be interested in what facts you base your "seeing signs of foreclosures slowing" on. Would you be unaware of the Gov. holiday moratorium on foreclosures which would obviously slow things down. Only problem is the holidays end and the foreclosures don't Over a million jobs lost in 90 days, think there might be a few foreclosure resulting from that...?
Best, Dunes
0 votes Thank Flag Link Mon Dec 8, 2008
Frank,

Would you like to share those pieces of evidence that show the market has hit bottom? I'm sure a lot of people will be very interested in knowing.
0 votes Thank Flag Link Mon Dec 8, 2008
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