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Everyone wants to know when we've hit bottom... and many people, including NAR's chief economist have called bottom much too early. But, today, I say, "Yes, San Diego has hit bottom" with a few caveats, such as all the shadow inventory we hear that the banks may have is not simply dumped on the market tomorrow or that when the CA moratorium is over that we don't get hit with a ton of foreclosures and this is on a city-wide basis, so there may still be certain zipcodes that suffer a little longer. (I am getting signed up for the new … (2 comments)
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