I agree that 25% is not 13%, and that 13% seems to be the number right now. But it does seem to me that you are trying hard to make it sound that prices are not going down much. For example, you first expressed doubts that any house there sold for 875K.
Just curious, do you tell your clients that you are a real estate bear and that prices could go down by 10-20% (very optimistic scenario) over the next few years and that their equity could get wiped out?
