The IE is taking a huge hit.
I sold my small 1064sqft foot Riverside home back in April for 368k. There is a house right now thats the same size same model is being offered at $268K.
The Riverside house that we ended up moving up into was purchased for $560K back in early 2006. I purchased it for $420K.(This was a bank owned, and our offer was made at $20K below market at the time).
Due to the amount of inventory the IE will see some overcorrecting. This will be when I will jump in and pick up some investment properties.
