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.
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