Six months ago, I recorded my predictions for the Ocean County Housing Market in 2011. To date, that video has been our most viewed video on our YouTube Channel. Just the other day, we received the following comment on said video:
The brief recovery in…2009…has now been entirely snuffed out, and the average American home now costs 33% less than it did in 2007. The fall in house prices in the Depression was 31%, and prices took 19 years to recover. Prices are back to their 2002 levels…”The national index fell 4.2% over the first quarter alone, and is down 5.1% compared to its year-ago level,” David Blitzer, the chairman of the Index Committee at S&P Indices, said.
—The Independent 1 June 2011 MrBloograss 2 days ago