California experienced a 59 percent peak-to-trough decline in price, hitting bottom in 2009 versus a 29 percent peak-to-trough decline experienced by the national market. Some economists believe this steep decline indicates the state is further along in its return to a normal market than the national market.
I definitely think it’s bottomed out here in California, esp since home prices are beginning to rise again. Take my home town of San Diego, the market price of homes has risen ~15% in the second quarter of this year.
found your site on del.icio.us today and really liked it.. i bookmarked it and will be back to check it out some more later