Macro Economics is more important than just your local market. Our country is being affected nationwide by the current mortgage mess. This will inturn affect ALL of the local markets. Some worse than others. Like So.Cal for example. Markets that appreciated the most will drop the most. It’s just plain common sense.
Also, The global market is watching what happens in the U.S. Yes, you could say “ALL EYES are on SAN DIEGO” as it lead the market up and is now leading the market down.
