[quote=sdrealtor]I can only speak for SD real estate but if you look at the low and mid tier markets it is quiet hot right now. If you look at the high tier its a bit of ablood bath IMO.

One thing it does in discredit the old time Bugs Butterfly theory. The low end is recovering, the mid is stable to recovering and the high is getting smacked. They couldnt be more disconnected.[/quote]

The ‘last’ recession started in December of 2007, I wonder what housing sales were January/February 2008 (for San Diego)?