Generally good news in terms of San Diego, we will outperform California and the rest of the nation.
Almost everywhere I go, people ask me if we're in a housing bubble here in San Diego. My answer is yes, but the bubble isn't going to burst.
Businesses which import products into San Diego also are impacted.
I think it shows that the market here is softening a little bit. San Diego was advancing more rapidly than other places and we may be topping out first.