Latesummer2008 for S.D. County is more correct. And yes, prices are sticky in the coastal and higher end areas but will also come down. It all has to do with financing instruments. Alt-A, ARMs etc… Look for significant price drops in affluent areas STARTING in Late Summer 08′. be patient, they ARE coming. Plenty of buying opportunities in the future (2008 – 2012) depending on your location.
