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Are we all waiting for the next shoe to drop?  The mortgage Industry... the subprime foreclosures... the overinflated market... wait thats 3 shoes.

I am finding that all my clients are concerned with the stability of the market and the wisdom of purchasing property now - when the subprime foreclosures have not yet peaked.   There is a great deal of uncertainty in the Market in San Diego.  Historically and economically, home prices have very rarely decreased.  Here in San Diego we have seen a decline in pricing.  Everybody is waiting it seems - will the prices drop further?  Will the interst rates come down in September? 

 All during the runup I was predicting gloom and recession.  Now that things have turned - I am starting to see the bright side. 

 
Posted by Catherine Waters on 09/02/2007 01:15 PM   Comments (0)  
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Catherine Waters

Del Mar, CA

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Coldwell Banker

Address: 3810 Valley Centre #906, San Diego, CA, 92130

Office Phone: (858) 259-0555

Cell Phone: (858) 692-7935

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Writing about San Diego's North County Real Estate.


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