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March 7, 2008

Today's Housing Bubble Post - Nowhere Near A Bottom

-- by Dave Johnson

Hale "Bonddad" Stewart: The Housing Market Is Nowhere Near Bottom.

Go see his chart of housing prices, to see how far prices have yet to fall.

A house near us was offered at $800,000, after several months only one offer came in for $500,000, and they accepted it. But all I can think of is some sucker just spent $500K for a 3 bedroom house that is going to be worth about $300K next year. Another in our area, asking $750K, sold at $450K. Still way too high.

Posted by Dave Johnson at March 7, 2008 9:39 AM

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