Out here in San Diego we are approximately 30 months into the housing correction and 6 months into the “credit crunch.” We have seen housing prices correct downward in some areas as much as 20% to 25%. With all the doom and gloom out there in the real estate world, I thought I would interject my two cents into this whole mortgage crisis. We all heard the stories of landscapers to grocery clerks buying $800,000 homes! Buyers with 580 credit scores...continue reading...