[quote=sdrealtor]It was already covered in another thread but for those that missed it this is lousy journalism. The median was 350K in November and they are using an annual median which is meaningless. Most of that “projected” 21.1% decline has already occurred. Thats not news.[/quote]
Keep in mind that today’s median is tilted by the elevated volume on the lower end.
What Fortune says is that there will be no bottom for at least another two years. Instead, there will be another drop of 10% (more, since they talk about the annual median).
So, today’s ratio in volume between different parts of the city needs to be maintained.
