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Dry up those tears... Real estate recovery will happen


Last updated 1/10/2008 at Noon

Average house prices in Fallbrook from year 2000 to 2007

Forecast for 2008

Tears shed over Fallbrook real estate values may be likened to a breathtakingly beautiful, greatly admired actress with one giant, sparkling-clear crocodile tear slowly trailing its way down her flawless face.

In other words, as Fallbrook property owners we should dry up our tears, because historically we’ve happily reaped fantastically high appreciation rates. Even though our market has gone through a troubled readjustment phase the last two years, indicators are there that recovery could easily begin in 2008.

Compared to the 20 percent average increase in home value...

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