“Give it time, at the rate that fraud, foreclosure, and tightening credit are unraveling the market, if they peaked at $515K, they may see the $250s before 2010.”
As much as I would love to see that happen, I just feel that is too much to expect. That would make me rich, and though we do have a good income, I am just not that lucky.
Though, I agree we are in a downward slide and we are not going to hit bottom for some time.