An interesting estimation

http://realestate.msn.com/slideshow.aspx...>1=35000

Some edging up, some dropping much more.

I should have known California would go down the tubes.

I wonder how the authors considered the possible impact of additional rounds of foreclosures on prices. Nothing kills a home market quicker than a bunch of foreclosures. And if unemployment goes where I think it's headed over the next two years, we're going to have plenty of foreclosures.