How low will the prices go?

Depending on who you listen to, either we're just getting started with the correction, or it's now over! I prefer to be more realistic. After all, real estate truly is local. The trend in one part of the country, or in one part of the state may differ from ours. I continue to be amazed at the price changes in the Jacksonville Beaches market. The hardest hit area appears to be Atlantic Beach. For now, the houses on the market seem to be sitting there...forever. After numerous price drops, they continue to sit. After seeing the same houses on the market for months and months, the picture is quite clear. It ain't low enough yet!The number of lookers continues to increase. The problem isn't with the number of lookers, it's with the number of takers!We all continue to wonder: how low will they go???
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