Or at the least we are at the bottom. I have been tracking foreclosures in the newspaper for the past 18 months and they are certainly down. So I think in my area they are clearing out of the market.

Prices have come down a bit, and seem to be more stable.

Inventory is still very high, but its not growing. If anything shrinking slightly as unserios sellers take there homes off the market.

A lot of the new houses we are building are selling after only a few months on the market. Where as last year they took 6 months.

The storm is certianly far from over, but its not that bad out their right now. As long as nothing else changes, knock on wood I think we should see a turn around in 2010/11. I think fuel prices are hurting it more than anything now.

IMHO we are at or near the bottom. But real estate is local, a lot of other areas are getting hit harder. San Deigo was a blood bath compared to CT when I was out their in Feb.

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1969 280SE
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