[quote=SD Realtor]Pretty pathetic that we are all reduced to guessing how distorted the market will be due to intervention. [/quote]
Ain’t that the truth. The wildcard in all of this will be future interest rates. Its my best guess that most of San Diego County (not including CV,Oceanside) will continue to drop in price for the remainder of the year, even with the currently low mortgage rates. When rates go up the question will be, how high will they go ? The Federal Reserve can intervene for only so long before they create hyperinflation, so at some point the Feds will back off and mortgage rates will spike. Only then will we see what the true bottom really looks like.
