dd123 wrote:Understand the

[creechrr]

[quote=dd123]Understand the applications are all time low but what is the impact on SanDiego.
I don’t see prices going down at all…[/quote]

Give it time. The unraveling will take some time with the constant Gov’t intervention and the banking institutions lack of will to foreclose on delinquent mortgagees.

I haven’t heard of any credible good economic news that would suggest any sort of turn around any time soon.

I tend to think Mish is generally right.

http://globaleconomicanalysis.blogspot.com/2010/07/expect-second-half-housing-and-durable.html