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For a while now I've referred to our San Diego residential real estate market as being psychotic. Depending on how you looked at it, you would get a totally different, conflicting viewpoint. The lenders and some sellers have played hardball like it was a seller's market. The press and the buyer's all believe it is a buyer's market. Properties have been getting multiple offers beyond our hottest sellers' market. Prices / values continue to slide pretty much across the board implying a buyers' market. Some agents perceive the market as hitting bottom while others see a continued decline throughout the year (and … (9 comments)
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