We keep hearing dismal reports that make great headlines about the current real estate market, but keep in mind that downturns are by location and not across the board. Southern california is looking pretty good!
From Housing market enters season of reckoning:
“We don’t think the market is in that bad of shape,” said John Karevoll, an industry analyst for DataQuick InformationSystems. “It’s just not in as good shape as it was two years ago.”
Some real estate markets are holding up remarkably well. In southern California, for instance, a mid-priced home sold for a record high of $495,000 in February, a 5 percent increase from the previous year, according to DataQuick. Although the numbers haven’t been crunched yet, Karevoll believes Southern California home prices reached another new high during March.
Hi, I'm Jeannie. For over 25 years I've helped investors make money in markets both good and bad. 
