sdrealtor, as first, I thought that you were just a RE industry booster. But as I read your posts, I tend to you agree with you. You’re realistic about the market and aren’t trying to justify the declines as insignificant.
I’m fairly optimistic about the general economy and a realist about the real estate market. There’s nothing like looking at individual houses (or same houses) and see how they’ve declined. That gives a true picture of the market, especially for a potential buyer who wants to buy in a certain neighborhood. There’s no need to look at the stats bandied about by the analysts.