[quote=sdrealtor]Articles like that are written to sell newpapers and are pretty meaningless. What does it mean when they say high end prices are about where they were in 2005? It doesnt mean anything to my client who is in escrow on a prime coastal property at what is a 2000 and possibly a 1999 price. We are already close enough to a bottom. There is no point in time when everything magically hits bottom. There is a period of time where the smart buyers can go out armed with knowledge, money and a great agent to make their own bottom. That time is now and will persist for a few years. That is were the big winners will be found. Those of you sitting out there waiting for some magical moment will not be among them.[/quote]

This.

We’ve got offers on two short sales right now. Buy low sell high is great advice for stocks or real estate.
Timing either market is not, IMO.
YMMV.