If this is a full recovery, we are in serious trouble. Of course, by the standards of the socialist People’s Republic that Obama wants to turn our country into, this could be as good as it gets.
I’m afraid your right - this is the new normal. Friend just sold his home, had a good offer with a buyer that was putting 20% down but getting an FHA loan. FHA appraisal, which includes foreclosures as comp’s, forced the negotiated sales price down 6%. They are purposely keeping the market from working - holding home prices down and a recovery in that market from happening. Amazing.