I’d have to say it’s been better than I expected, though I must say I expected my area, LA to see at least 10% drops, and it’s been at the most that much.
Then I step back and think, it took 5 years of reckless buying and lending to get here, it’s going to take at least that to get it right, particularly when Congress and the FED step in the try and smooth things over.
However all that does is delay and worsen the inevitable in my opinion.
