Someone (Bob) mentioned earlier on another thread that Temecula Valley prices won’t stop falling until No.San Diego stops falling. I tend to agree with that perspective.
I’ve got neighbors who live here in TV but work in OC.
Economically, TV is sandwiched between OC and SD. Job losses in OC and SD exert downward pressure on houses in those geos but they also have an indirect effect on house prices in TV because of the people who live here but work outside the county.
I recently read an article in the OC Register about a CSUF projection of 20,000 jobs being lost in OC in 2009.
But “…As bleak as CSUF’s forecast was it was rosier than one released by the Los Angeles Economic Development Corp. forecast in February. The LAEDC’s forecast predicted Orange County would lose 43,200 jobs this year with employment continuing to drop in 2010, but at a slower pace.”
