If we are going to go by what’s been happening, i.e., government intervention, then sure, we can expect that to continue.
HOWEVER, despite all the money the government has thrown at this, we have seen some pretty big declines since peak. Someone just posted a thread about a huge drop on a place in LJ. The harder hit areas have seen 50%+ declines. Condos have seen some major declines and nicer SFH have still seen declines on the order of 20%+ even in good areas. This is even w/all the government help.
So, I’m thinking there will be more declines and more government help.
