Originally Posted by The Leaper
I agree Ty.
On average, I would expect home prices to tumble at least another 5-10% before the housing market truly corrects itself. The supply of available homes is only going to continue to grow...and the credit crunch means there are fewer and fewer people buying.
And that is at the heart of the matter. There were people in houses who couldn't afford them to begin with. There were valid reasons that prior to 5 years ago you couldn't get a no money down home. This had to end badly.
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