[quote=SD Realtor]My belief is unchanged….that we will not see substantial price drops in San Diego until mortgage rates increase dramatically. We may see smaller price fluctuations and flatness as the market reaches a new yet manipulated equilibrium. However until our credit is disrupted by bond market distortions, it is happy times.[/quote]
We’re very much in agreement on this. Interest rates will play an important part in housing prices as we move forward.
