According to John R Talbott, housing prices will decline

来源: 于 2009-03-12 09:57:36 [博客] [旧帖] [给我悄悄话] 本文已被阅读：次

to 1997 level, ranging from 12% in Nashiville TN to 59.6% in Santa Barbara, CA. The pain will last 5 to 7 years. Of course, this is an estimate. It depends on where you are and how unemployment situation will turn out to be.

Reference:

John R. Talbott, 2006, Sell now, the end of housing bubble.