ST Alpha - "I think it depends on the area. still too high here, IMO. -- nm" (Reading a Post)

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In response to "I think the housing market has very little room left to fall, really. hyde, aren't prices about inline with historical home price inflation now? -- nm" by the year of the ox loves mandy lane

I think it depends on the area. still too high here, IMO. -- nm

Posted by loosilu (aka loosilu) Jan 22 '09, 10:34

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Responses:

I agree. I think the (formerly) hot/overpriced markets still have a ways to go. -- nm - TaurusII Jan 22, 10:37 6
- I think DC and LA and SF were the worst. I think FL is close to bottom, but the rest still have room to fall. -- nm - the year of the ox loves mandy lane Jan 22, 10:46 1
  - DC has about 15% left to go if it does at all. It'll hit pass the bottom before summer next year. -- nm - Max Jan 22, 10:59
- heck, in my neighborhood the foreclosures are still rolling in. -- nm - loosilu Jan 22, 10:38 3
  - According to this website, in my city there are 672 homes for sale, 228 of which are foreclosures. -- (link) - loosilu Jan 22, 10:44 2
    - 534 here with only 4 foreclosures -- nm - CQ Jan 22, 10:49 1
      - I'm not at all shocked at the rate of foreclosures here. So many people jumped in to things they could not afford. People I know, even. -- nm - loosilu Jan 22, 10:51

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