Comments on: San Diego Down 4.5 percent YOY - or $42,000 from Peak. http://www.doctorhousingbubble.com/san-diego-down-45-percent-yoy-or-42000-from-peak/ How I Learned to Love Southern California and Forget the Housing Bubble Sun, 07 Sep 2008 23:54:37 +0000 http://wordpress.org/?v=2.2.2 By: Dr Housing Bubble http://www.doctorhousingbubble.com/san-diego-down-45-percent-yoy-or-42000-from-peak/#comment-8 Dr Housing Bubble Thu, 12 Oct 2006 16:37:00 +0000 http://www.doctorhousingbubble.com/san-diego-down-45-percent-yoy-or-42000-from-peak/#comment-8 If anything, I am shocked that Moody’s is one of only a handful of reports that say real estate will go down. Clearly anyone that has been following the market can see that this December we will see zero to negative appreciation in Orange County and Los Angeles – this isn’t a guessing game the trend is pointing toward this. If you look at the article by Moody’s (I have the raw stats on one of my post) you can see their “dire” predictions range from a decrease of 8 to 10 percent. In San Diego we’re seeing drops of 3 percent per month! <br/><br/>Anyways, time will tell how this all turns out but looking at inventory levels, increased regulations, ARMs resetting, and the fact that appreciation is now gone we are in for an interesting ride! If anything, I am shocked that Moody’s is one of only a handful of reports that say real estate will go down. Clearly anyone that has been following the market can see that this December we will see zero to negative appreciation in Orange County and Los Angeles – this isn’t a guessing game the trend is pointing toward this. If you look at the article by Moody’s (I have the raw stats on one of my post) you can see their “dire” predictions range from a decrease of 8 to 10 percent. In San Diego we’re seeing drops of 3 percent per month!

Anyways, time will tell how this all turns out but looking at inventory levels, increased regulations, ARMs resetting, and the fact that appreciation is now gone we are in for an interesting ride!

]]> By: Anonymous http://www.doctorhousingbubble.com/san-diego-down-45-percent-yoy-or-42000-from-peak/#comment-7 Anonymous Thu, 12 Oct 2006 04:37:00 +0000 http://www.doctorhousingbubble.com/san-diego-down-45-percent-yoy-or-42000-from-peak/#comment-7 you are so right on about this. Orange County is down 4.5% in the last 5 months. Moody's predictions are so *obviously* erroneous it borders on the ridiculous! you are so right on about this. Orange County is down 4.5% in the last 5 months. Moody’s predictions are so *obviously* erroneous it borders on the ridiculous!

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