I think the popcorn theory is making sense. I’m noticing some declines in areas I wouldn’t expect. The less desireable areas would get hit the hardest, condos tend to lead the way. Here’s one, though probably not anything anyone here would be interested in, but just to show, that’s an impressive drop. 52% on this one:
Bank owned. No kitchen or bathroom sink. Was on the market since 12/31/2007.
Sold Price: $160k.
At peak 10/11/2006 sold for $332k
