Holy cow, that's a heck of a decline in value. I know it's easier to get in that situation in some parts of the country, but we haven't seen the massive decline in values in my area. Sure, houses are staying on the market a bit longer, but I think it's still around a 3-4 month turn.
I do see more houses being auctioned off on the court square... I can only speculate as to why this is happening.
Times like this is when some people go broke and others get rich...
Rg
