A housing dichotomy has developed between those who think the residential real estate market has bottomed and those who think we are still falling. For the moment forget about the latest national prognostication, and let's go local. A Southern California blogger who maintains the site called Dr. Housing Bubble, wrote an article about Pasadena and the impending market meltdown anticipated in the next few months and well into 2010. While many other recent reports have suggested that prices in … [Read more...]