I just saw that article and came here to post but you beat me to it! I love the front-page link title: “Housing prices start rebound”. Then you read the first line and see them throwing themselves easy back-outs from this statement: “The worst MAY be over” … “But that’s not to say that home prices are going to immediately start going back up” … “there’s a major wild card: the question of whether a wave of foreclosures might drag down local home prices and exacerbate the current economic slowdown.”
This is a for-real, coffee-out-the-nose LOL. Gotta give ’em credit for this though:
“The hiring pace has slowed considerably”
“Making matters worse, 40 percent of the jobs created during the past year have been in leisure and hospitality, the lowest-paying job category in San Diego, paying an average of $376 per week – less than half the average construction salary of $862.”
I can’t see how they can put this job slowdown in the same article as a hypothesized housing rebound. And $376 per week? That’s less than $20k per year assuming they work every week! Where will those people live?
