http://money.cnn.com/2009/03/26/real_estate/California_comeback/index.htm?postversion=2009040311I find it incredible that the media continues to have NO IDEA what is actually happening in the real estate market. The same media that help deepen the chasm of the market fall with headlines telling everyone the sky was falling at first sign of a market slow down two years ago. Now they want to overlook that vast majority of economists who predict we are going to be mired in this until mid 2011. California? California has just begun to feel the pain that’s coming. We will now see areas previously un-effected have their own foreclosure challenges. Check the amount of NOD's or the number of short sales in the MLS in affluent South Orange County for instance. I am glad the major newspapers and publications are no longer banging the drum for the death march but now as then, a little more truth in message seems to be in order.
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