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Old 05-14-2008, 11:53 AM
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MikeinCC MikeinCC is offline
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Join Date: Apr 2008
Location: Lombard St.
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Quote:
Originally Posted by njriverman View Post
Is the worst behind us or ahead of us?
Nationally, it's ahead of us. Here in Philadelphia, home prices will fall, but we never had the issues that places like Miami did.

Seriously though, home prices are still outpacing rents, salaries, and inflation. It has to adjust, and it will. I personally don't think we're anywhere near the bottom yet.
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