Appraiser's Bloghttp://activerain.com/blogs/robertmai2008-07-23T11:35:51ZAppraiser Values (Appraisal Values LLC)What Come Up Must Go Down __ Home Values Will Continue to FREE FALL Decline Worse than expected v'v'v'v'http://activerain.com/blogsview/605664/What-Come-Up-Must-Go-Down-__-Home-Values-Will-Continue-to-FREE-FALL-Decline-Worse-than-expected-vvvv2008-07-23T11:35:51ZAppraiser Values (Appraisal Values LLC)
<p>As an active rain member I have researched historical home price declines for statistical patterns. The last time we had <a href="http://www.appraisal-values.com">www.appraisal-values.com</a> excuse me home property values drop was in 1987, when the stock market crashed. At that time a median property value range of 10% year over year for three consecutive years. This is based on facts, by local Bergen County Real Estate Agents according to <a href="http://www.BergenCountyMLS.com">www.BergenCountyMLS.com</a>. As far as I can see we have seen on average 10% this leaves about a 15% to 20% continued decline if history repeats itself. But wait a minute, we have had a fox in the hen house too long with Wall Street continuing their churn on the mortgage lending barel with toxic 100 to 110% LTV loand products this go around. So my estimate is probably 25% before we hit the floor and propery values stabilize.</p>