I think these houses will bottom out right about here, ~275K, unless we get a nasty recession. Unemployment starts hitting 8%+ in san diego and we could start to see more reductions. I hope we see some more start to hit in this range, maybe a few not on major roads. [/quote]
I think we’re already in a nasty recession, a lot of people are just in denial. I’ve noticed the huge dropoff in good job opportunities. Over the number of open reqds just fell off a cliff. That’s how steep the drop is.
