tag:blogger.com,1999:blog-22169920.post762565959509188676..comments2023-12-20T03:39:11.359-08:00Comments on San Fernando Valley Real Estate: LATimes: Housing prices edge towards double dipJudy Graff, Broker Realtorhttp://www.blogger.com/profile/18318238524166896069noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-22169920.post-16436779296342473052011-02-24T16:43:05.907-08:002011-02-24T16:43:05.907-08:00Al, both scenarios would likely have a downward pr...Al, both scenarios would likely have a downward pressure on prices in the middle-class areas. However, when I started in real estate, interest rates were in the 8%'s and people were still buying...sfvrealestatenoreply@blogger.comtag:blogger.com,1999:blog-22169920.post-27217259693792224182011-02-24T15:34:34.946-08:002011-02-24T15:34:34.946-08:00Judy I like the fact that you "tell it like i...Judy I like the fact that you "tell it like it is" real estate is absolutely local the million dollar questions are 1) is the economic situation in the valley such that it can sustain high unemployment rates that may get even worse? and 2) What happens if/when interest rates move above 6 or 7% ? will housing fall apart in the areas you talk about?Alannoreply@blogger.com