hosuing prices: What will it take to get buyers back - 08/28/07 05:08 AM
 
Of course no one has the answer, but generally when assets bust after an extended boom, certain things must take place for the perception to shift. In real estate, the first caveat is that everything is local. Even Greenspan said that since there is no national real estate market, real estate cannot go down everywheres at the same time. 
Well....it did! Housing has just had its first national decline in price.
Some general rules about busts
1.The markets that didnt participate will be the safest and may even increase as people see safety and reasonable prices in those markets. 
2. Markets that participated the … (2 comments)