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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: TH who wrote (178081)1/20/2009 2:10:31 AM
From: Live2SailRead Replies (1) of 306849
 
I agree that this week is cutting week.

There is a small, new development near me in Palo Alto. They were asking 2.45M for homes in an area that top out at 1.5M (they are bigger homes, but not in a seasoned location). They finally slashed the first of three to 1.95M. Still overpriced, but they have the idea.
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