Yeah a relative near cambridge MD, reports homes arent selling a a new
home developer cut price 50 grand to try and move them along....
without much luck, existing homes are taking a beating

now what of those who refinanced repeatedly to pay off credit card debt
and get the deduction for interest? as home prices drop they may owe
more than the homes are worth, futher depressing prices

With 3 buck a gallon gas prices perhaps going to 6 bucks a gallon or
more, and bush threatening iran with nukes, the endless iraq war, I
think the country is about to see the economy in a recession.

that will drive home prices even lower. if you have cash buy at the
bottom.

lack of presenditial leadership will be remembered as a major factor in
the coming ecnomic disaster.........

we are entering a disaster