Timing the Bottom.

There might be a price bottom forming as first-time buyers and investors vie for homes on the lower end of the market, but it was up to debate whether it could last.
Seven local real estate experts met at The Daily Transcript offices Friday to discuss current issues in the housing market and talk about where home prices are headed.
San Diego County home resales have been up nearly 50 percent this year compared to 2008. The median price of both detached and attached homes have hovered around $340,000 and $200,000, respectively, for the past four months.
Participants said there is heavy competition for lower-end homes.
“It’s a great opportunity for first time buyers,” said Mark Goldman, professor of real estate at San Diego State University and certified mortgage planning specialist. “But the restrictions are getting so tough that first-time buyers can’t hop in and if they can, they’re being outbid for these buy investors -- all cash.”
“Anybody who tries to time it is nuts,” said Miller about trying to purchase a home at the bottom of the market. “If you get within three months or five months of the bottom you did great.” from Daily Transcript Jen Lebron-Kuhney

The San Diego Association of Governments board of directors voted Friday to approve a plan to spend $235.8 million in federal economic stimulus funds.
The California Transportation Commission estimates that every $1 billion the state receives in federal stimulus funds will generate 18,000 jobs in the state. We are slated to receive $47 billion total for infrastructure projects.