I think there are some grains of truth hidden in the fluff. SD was ahead of the curve (time-wise) on the way down and it makes sense to me that it would be one of the first to stabilize. I don’t think there will be any major (or minor for that matter) appreciation in prices anytime soon. I also don’t think there will be another 40% leg down like there was in ’07-’08. I believe prices are starting to stabilize, I would be surprise to see them move more than 5-10% in either direction over the next few years.
Disclaimer: I closed on my house in Oct last year, so my opinions are loaded with confirmation bias 😉
