[RipSawyer]

I was asked for an example of houses selling at fifty percent off, I pointed out that the link had already been posted. What do you want from me? The housing market is in very bad shape in many areas, refusal to face that fact changes nothing.

[rb22982]

Do you understand the difference between examples of individual houses and examples of housing markets?? The people you responded to asked about MARKETS that is a metro area with thousands of houses, not a single development that is being auctioned off at half it's initial prices. Where I live, home prices are STILL appreciating (albeit very slowly) but there are some new overpriced homes that have been reduced from their 'preselling' price by 15-20%. That does not mean my MARKET is down 15-20%.

[rb22982]

Also, your map says you live in SC. SC property is stagnent, it is not losing value. If it is, it’s down 2-3% from a year ago on average in your market (but probably up at least 30% from 5 years ago).