I talked to a Coronado realtor today. I asked him if he thought a downturn was ahead. He tried to tell me that buying in Coronado was a safe bet but he also said many other things that led to me beleive that he thinks RE is going down. However, it was counterproductive for him to say so because he was trying to make a sale. He tried to dismiss bad press as a bunch of “Blah, blah, blah.” He did allow that waiting to buy wasn’t going hurt me (read – prices aren’t going up anytime soon). I asked him about Coronado inventory. He tried to downplay it but did admit that it is about double the average inventory. I’m wondering if it worse than that. He claimed the huge inventory was the result of a lot of people just testing the waters. I also asked him what happened to Coronado prices during the last downturn but he avoided answering. He seemed like a nice guy who doesn’t want to lie about a downturn but is also trying to keep the fear from spreading.