If you're a homeowner or condo-owner, I apologize in advance, but I'm probably not "on your side" in terms of desired outcome here.
I want prices to fall further. Like, 25% to 30% further. For two good reasons, which I'll explain below in the diary.
There's a lot of talk in the past year about how home prices have "fallen". See below for an article from today's Boston Globe: fallen is a relative term, and, relatively speaking the past year's downturn is barely a dent. Housing remains unaffordable for too many of us in the Northeast (I'm aware that it differs for other parts of the nation).