Reply #1: I work in the industry...

[Juneboarder]

FHA has told us all to expect at 10% depreciation this year, 2010. Brace yourselves folks; we aren't in the clear yet.

They are still tons of homes on the brink of foreclosure and tons of homeowners that are ridiculously upside down on their mortgage and yet have Interest Only loans that have yet to set.

I'd say we have at least another 3-5 years of this decline mess, unfortunately :(