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Originally Posted by Boston X5 4.4
Interesting thread.
On a side note, downtown Boston areas (Beacon hill, South End, Back Bay) are still bucking this trend.....sales price/square foot is up (~7% in '07 and ~5% so far in '08), inventory is down, foreclosures are almost non existent, and bidding wars over asking are still happening.
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Yeah, you are right. I just meant the national market generally speaking.
There are plenty of aeras around metro Atlanta where values are appreciating. That is why I said foreclosures and short sales were not market value in most cases. From my experience, many more areas are holding steady and increasing than decreasing.