[MeneMeneTekelUpharsin]

Bump for reference. Prices still dropping here in Texas. Never thought I'd see it.

[Coldwater Creek]

California home prices have been way out of control. Time for a correction.

A home that we paid 15,000 for in 1966 is now going for over half a million. Even with inflation this is absurd.

[nyconse]

Georgia is still strong (Atlanta area). However, when I buy my new house in the spring, I am going to buy a house we can afford on one salary.

[nascarnation]

I'm astounded by what folks on the coasts pay for housing.
A friend's daughter just paid 400k for a middling condo in N. Virginia.

Flyover country may not be glamorous but 400k buys a beautiful 3000+sf brick home in a nice suburb in Indiana.

And in the story, the guy's mortgage is 3k/month and will double soon when he goes off the teaser rate. Those folks who work at Google must make some serious bucks.

[thinkthenpost]

Not all of Texas: With Fort Bliss growing the way it is prices in El Paso won't be coming down for a while, of course if property taxes get too much higher there will be folks looking to sell because they can't afford to pay their taxes. I don't too many are there yet, but with near runaway appraisals it is getting close for some.

[100-Fold_Return]

Looked at property yesterday and needs some roofing work and imho the septic motor may need replacing or tank dredging, but even so could write a personal check for that. Six figures 18 mon. ago South of Ft. Worth.

[thinking]

I don't recall any complaints, concerning homeowners being trapped in their homes due rising prices

[showme_the_Glory]

They haven't really dropped any in my area of Texas but they are just now beginning to sit a little longer than last spring when it was nuts with home sales.

[BurbankKarl]

Prices down 20% in some markets....it is getting ugly.

[Arizona Carolyn]

It happened in California in the early 80's and again the early 90's, each time came back stronger than ever. I look at a home like the stock market... long term gains as long as you choose wisely in the first place.