Even after the market bottoms it's unlikely that we'll see an obvious turn around. A dead cat bounce or two is in order before we'll see solid appreciation again if past cycles are any guide.
That said, I wouldn't be surprised if some markets see a prolonged downturn reaching well into the next decade. Incomes and other demographic trends don't look too good for a number of higher priced areas.
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No impact of the credit-crunch on the local market?
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No impact of the credit-crunch on the local market?
by EastSider » Thu Aug 23, 2007 6:51 pm
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by rose-colored-coolaid » Fri Aug 24, 2007 2:02 pm
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by rose-colored-coolaid » Fri Aug 24, 2007 3:40 pm
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