Does that mean we should buy now before house prices go up?
I cannot tell you whether to buy or not buy now. People do not just buy because of pricing. Right now I am in the midwest for an investor doing some work. I was at a meeting last night listening to some bigtime investors, (guys that have multiple thousands of apartments) and some of the things that they were saying pretty interesting stuff. This was not San Diego residential conversation but the things they were talking about were at the national level so it would be logical to infer that it will affect San Diego residential but not a guarantee. I already stated that the localized bottom in San Diego was most likely back in the end of 08 for most types of property.
The only thing I believe that will affect prices now are rates.
