I cant speak for everywhere but NFWIH are prices in my hood gonna drop by 10 to 15% over the next 6 months. Prices have firmed up and inventory is very low. Virtually no NOD’s filed. Out of more than 1,000 homes there are only 8 on the market and only 1 short sale (new this week). Last year and the year before there were 30 to 40 active lisitngs this time of year. There are 3 other short sales with offers on them pending lender approval and 9 homes in pending. Prices are stonger today that they were in Fall/Winter 2008. Far more willing and able buyers than willing sellers.
