jagerdjs

Housing Prices Expected to Bottom in 2010, 21% Off '06 Highs

Im just curious how they get these numbers. With 600-1000 foreclosures a day in LA we are seeing neighborhoods drop 20% in a month. Florida and many other states are also way beyond 20% from their market heights. Are the states that never saw a big boom just holding the national curve in check? It seems to me that the curve should be a lot steeper and rebounding by 2010.