In most cases, the northern and southern areas of California saw much higher gains than we did here in the middle. In fact, those tremendous and quick accelerations of property values is what trickled up and down to us here in the middle. And as I have heard my entire life "what goes up must come down." But what I have experienced is that once it does come down, it may circle the drain for a time, but then it will start to go back up. And, since we were almost the last in California to experience the great acceleration, perhaps we will be among the first to experience the level when it starts to turn upward. Even if we circle the bottom for awhile, we will still be selling homes and buyers will still be getting a great investment. This is very good news for those of us who plan on being a Realtor no matter what the media says. They have their job security by reporting negative news and Realtors have their job security regardless of whether it is a buyer or seller's market.
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