Is worst over soon in San Diego?

I read this article and it states a positive view about the real estate market in San Diego:

"In cities like San Diego, one of five major metros where transactions rose, that's good news, assuming it's sustained. What makes transaction volume a good indicator is that it shows how easy it is for people to get loans and how much confidence there is in the market. If mortgages are available and buyers have some faith in the value of the home, they're more likely to buy.

San Diego's present conditions suggest that over the next half-year, prices may start to rise. That's because "there's usually a three- to six-month lag between when transactions go up and prices go up," says Jonathan Miller, president of Miller Samuel, a Manhattan real estate appraisal firm."

Source: http://promo.realestate.yahoo.com/americas-riskiest-real-estate-markets.html

Unfortunately Mr Miller, the person quoted, owns an appraisal firm and has a vested interest in the market to turn around. And worse, the sales volume increase he talks about is the month-to-month trend. Not year over year. I believe it will be a longer than 6 months until prices start to rise, but we shall watch.

Since this article is a positive one on real estate, I will add it to the collection of links.