[Reeses]

Up 60% since 2000 works out to 6% annual appreciation which is nothing great. The prices are not stopping here. They are on a downward trajectory for a while.

[Southack]

Just wait. The same people lamenting falling home prices will contradict themselves by claiming “inflation” next.

[Always Right]

Up 60% since 2000 works out to 6% annual appreciation which is nothing great. The prices are not stopping here.

More like 7.5% and considering the house is heavily leveraged, it represents a great return on investment. Anyone getting 7.5% appreciation on their house is living there for free.

[null and void]

The prices are not stopping here. They are on a downward trajectory for a while.

Thanks a bunch. I just found out I've gone from a comfortable amount of equity at the first of the year to upside down.

[Vet_6780]

Banks have not capitulated still holding tons of inventory hoping for a bottom.

[Muleteam1]

>>Last week, the Office of Federal Housing Enterprise Oversight said home prices fell 3.1 percent in the first quarter, the largest drop in its 17-year history and only the second quarter of price declines recorded.<<

Someone needs to tell Texas and New Mexico. I've been closely watching home prices in west Texas and in New Mexico for months and I have not seen a drop in prices. The overpriced house next door to mine in Albuquerque sold in less than 30 days.