How low will they go?

The story on top of the Wall Street Journal’s list of most-viewed and most-emailed stories today is about falling home prices nationwide. The WSJ’s a subscriber site, but I’m a subscriber, so … this link is good for seven days. Check out the chart at the bottom of the piece. The prediction is a 9.9 percent drop in Sacramento prices with the market bottoming out in the second quarter of 2008.

4 thoughts on “How low will they go?”

  1. how low will they go?

    real low…

    incentives on the new stucco boxes (ticky tacky big boxes in El Dorado Hills, and they all look just the same) are now well over 10%…LOL…

    If you own in the fab40s, Curtis/Old Land Park you might be down 10%, but the other shrewd purchasers of stucco boxes in this are are now down at least 25%, IF, and that’s a big IF, one can actually sell a new or semi-new stucco box now…

    caveat emptor

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  3. They also thought our troops would be greeted as liberators in Iraq. But that’s the opinion staff. The news staff is pretty up-and-up.

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  4. The Wall Street Journal was also represented on Project Runway a couple weeks ago, as one of the judges was their “Fashion Editor.” Who knew they had such a thing? (It’s hard to tell what people are wearing in those line & dot illustrations in their paper. Besides, isn’t their fashion forecast pretty much the same every single year? St. John’s Knits, Brooks Brothers, Lilly Pulitzer..)

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