15% More to Drop – Prediction for Housing Prices in California

Historical trends don’t lie. At least that’s what “smart people” are saying. And “they” are saying that we have not reached bottom, yet.

first tuesday – a real lestate publication that I’ve come to enjoy, and agree with (on almost everything . . . almost) pegged a 15% decline yet to come.

http://firsttuesdayjournal.com/the-equilibrium-trendline-the-mean-price-anchor/?utm_source=first+tuesday+Students&utm_campaign=93ae2b9454-Monthly_Email_October_11_2011&utm_medium=email

Yale economist Robert Shiller agrees, and sees an even bigger drop to come.

So, what’s one to do?

Grab on tight to buyer-investors. Make what feels like low-ball offers. They may give the client room to survive the coming downturn, and still propser, 5 – 7 years from now.