Posted:
Fri Aug 24, 2007 5:24 pm
by mike2
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.