Peabody said he was uncertain whether stable home prices will stick. For now he sees “a bottom, but not the bottom” for housing and financials, adding that, “We think a temporary bottom in housing is at hand.”

Reasons to believe California home prices will firm may be found in data from the California Association of Realtors, Peabody said.

First off, this guy is seeing a bottom alright, from the inside, if you know what I mean!

Second, if the CAR, who is as reliable as the NAR, says it’s a bottom, then it MUST be so! :rolleyes: