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

To: TH who wrote (178167)	1/20/2009 9:47:41 AM
From: Live2Sail	Read Replies (1) \| Respond to of 306849

I think that now the holidays are over, either people visited open houses or they didn't. If people didn't visit your house, then it was time for a price drop. The next price drops will come in March/April. Two events will drive the price drops. The first is seasonal. It's the time when families go looking for houses (because of school). If no one looks at your house, you will drop the price. The other event will be the possible failure of the markets to react to the Obama hope machine. That one is TBD. As I posted earlier, for the Bay Area, the job losses are just getting started around here, so people have gotten really fearful in the last two months. I don't know what's the situation in SoCal.