Awful, no end in sight we thought we hit bottom but prices continue to drop and inventories are on the rise, if it was not for out of state lending and refi's I would be toast. I did well on my personal home but broke even on the other investments so I get to keep my ass and don't have to leverage my personal home to keep the boat afloat. I got into the place I am in now out of pure luck homes on lots are sitting like boats at anchor but some new anti urban sprawl laws kicked in so those of us that are lucky enough to have more than 20 acres are seeing doubles in value. A house not more than 1/2 mile from me sold for $1.8 million it's larger or I should say HUGE but it shows the high end is still chugging along, thankfully again most of my business is high end.

The problem with foreclosures is not bad loans for the most part its people who need to relocate and can't sell their homes so they are buying a new home wherever they find a new job and letting the one in Michigan go to the bank. The banks were holding for awhile but I am starting to see some great deals in the 200k segment, many homes that are worth 220 in normal market conditions are had for less than 170, when the market turns those people will be doing well.

If you want to see a bad market check out northern FL, they have been hit with 40% drops in 6 months.

I will get that package to you, I have updated all of my profile stuff which was delayed due to other projects.