SD realtor and sdrealtor, sounds like both of you think the bottom has come and gone some time in late 2008. Although I don’t completely disagree, I still think there are so many uncertainties out there, that real estate could go either way. I also don’t believe for one minute that prices are going to continue rising at the rate they have in the last 6 mo – year.

IF we see an increase in forclosures coming to market, and if interest rates begin to rise, I do believe that it will effect housing to the downside.

Now if either of you could find me a nice 2200+ sf home (or a smaller home with a granny flat for my aging parents) on a 12000+sf lot, no pool, with a fireplace in the MB, in a decent area, within 18 miles of 92123 for <$500,000, I would buy tomorrow.