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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: CalculatedRisk who wrote (59864)8/14/2006 10:42:09 AM
From: John VosillaRespond to of 306849
 
'The median price of a condo nationwide has been falling at a 9 percent annual rate since the fourth quarter of 2005, according to Goldman Sachs.'

4 or 5 years of that gets us to the 50% drop in condo prices from the top. Not very surprising. Funny a loan officer at Bank America agreed with me when I made that prediction to him the other day.