The dates seem reasonable to me, but consider that they are based (I assume) mostly on what has already happened/is happening now with regard to interest rates, foreclosures and other market data that was used to come up with these guesstimates. What happens when we consider that we are likely entering a national recession that could bring with it large numbers of job losses this next year or two. Keep in mind that this is what caused the last housing collapse in the early 90s (I believe I am correct in saying this), and we have yet to see the impact significant job losses and a recession will have locally and in Riverside Cty. It seems premature to me to say that areas like Temecula will bottom out in the 4th quarter this year when so many jobs up there could be at risk if the economy tanks.
