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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: tejek who wrote (304306)2/19/2011 9:12:42 PM
From: John VosillaRead Replies (3) of 306849
 
Some history as a clue for other areas still needing to drop more from here...In Florida I found that the worst hit overbuilt ground zero bust markets dropped to perhaps 1995-97 prices with drops as high as 70% off the top. The most solid, desireable, already built out areas with little speculation or overbuilding perhaps dropped back to mid 2002 pricing around a 40% haircut. Condos drops all over the place usually 50-90% plunge from the peak with the worst those built or converted during 2004-07 where most everyone was a speculator who way overpaid and had an exotic mortgage with little if any skin in the game ..
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