Reading DQ’s latest price/sqft data for SoCal, I seem to recall that COMPTON is still above $330 per square foot.
This is completely normal folks…nothing to see here…everyone wants to live in Compton, you know.
Seriously, though, the turning point is here, I agree, but some areas have a looooooooooooong way to go (i.e. Compton back below $100 per sqft. for starters)
rb_e: still not a buyer’s market until nobody (I mean NOBODY) believes in real estate as a good investment anymore….again, we have a long way to go….don’t believe me? ask a few of your friends and neighbors how bad they think things are going to get around here….I’ll bet most of them will still say the worst is over and to expect flat to minor downside over the next couple years before things go back up again….sentiment has to be in the gutter before we will see a “buyer’s market”
Keep an eye out for the TIME magazine cover article proclaiming “Real Estate is Dead”…that’ll be the time to buy.
