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hi
Down here in Florida we have just gone thru a big correction in prices. According to info i read off zillow, and CNN money, Florida is off a whopping 9.0% as a whole in 2006.
We bought our property here in late 2005 for 262k and now its worth 280k.....down from 285k in june. This is in the Melbourne Palm Bay area.
But the folks who bought in the spring 2006 here have taken a LOSS.
The overheated areas are dropping like flies. This is probably why I have only done 3 purchases in my entire career. One of them was my own house.
I know that California and the east coast have taken BIG hits, and i fear for those areas tremendously in 2007. But who knows?.....
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