5%, 10%, 20%
Nobody Knows!!!!
What do we know?
We do know that Foreclosure Inventory Volume is outpacing Foreclosure Sales.
We know that Foreclosure Sales make up approximately one-third of all home purchases.
We also know that Distressed Properties sell at a discount, which lower property values in those neighborhoods.
Something else we know...banks are eager to get rid of the foreclosed properties. 
Obviously unemployment has a HUGE impact; a market with higher unemployment will perform worse than a market with low unemployment.
When the "so-called experts", most who are self-proclaimed experts tell you that we have 5% or 10% left on the downside or that we are at the bottom...my question is "How do they know?"
Based on what we know...where do you think home prices are headed?
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