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No. of Recommendations: 2
Look at the chart. It's a bubble.

For San Diego perhaps so. Your graph tells us little about any other area. You can't extrapolate real estate issues from one specific area to reflect national concerns.

For the Philadelphia area, I expect a slowdown and some of these hairbrain realtors who have talked their clients into way overpricing their houses are going to have angry clients for a while. I don't see much if any decrease in pricing however.

IP
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