So, since there is not going to be a market to sell jumbo conforming loans, and since we all know the desirable neighborhoods in the SD area are priced considerably higher than the CAR-reported median of $373K, will we see prices pushed down even further in neighborhoods that we want to buy in? I think we will, which is why I’m still sitting on the sidelines waiting for the bottom to literally drop out of the San Diego housing market. It’s coming.
