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    • Sat Sep 29th 00:10 AM | Rating: 0 0
      Commented on:
      Think Housing's Bad? You Ain't Seen Nothing Yet
      goff article..

      it looks like early 2011 we will begin a recovery in most areas of the country..

      whats interesting is looking at those city charts,a good number swing back up after late 2010-into 2011,but that chart only goes as far as 2011,and if you look at Miami,San Diego/San Fran..no upward recovery movement on prices even by 2011.

      it looks like California and florida have a long way to go for a real estate recovery.

      Those numbers are percentage drop predictions from current price levels..so while it says they expect a 19% drop in San Diego prices by 2011,thats not taking into account the price drops San diego has already had over the past 18-24 months.

      so it you figure San diego has already lost about 8-10% in it's median price over the past 18-24 months ..they expect a total of about -28% drop in median price all together in SD by 2011,again I see no upward hint of movement in SD by 2011 in that prediction chart,so who knows after 2011 if the drop will be more or if it will swing back up after 2011.
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