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real estate is a very local thing.it depends on the job market.here in long island new york homes fell an unheard of 20-25% when grumman closed up in the 90's.....after the crash of 1987 my co-op fell from 75,000 to 57,000 in a year.....homes in new england plunged by 45% in the 90's.....texas got devestated in the early 90's...its hard to say what will be now...the more likely scenerio is prices may fall about 10% in most areas but may take a year to sell or longer
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