Historically, Real Estate downturns last 27 months. We are now in the 25th month. The unemployment rate in San Diego is excellent. Interest rates are still at historical lows, and have dropped a little bit more. We have lots of buyers on the fence, and they will start moving when good news starts trickling in. The press is actually now going to begin to look for positive economics because now it's new - the negativity is getting old, even to them. Lawrence Yung, the...continue reading...