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Originally Posted by homeCooking
Well I thought it would be a soft landing but at this point I think what's coming it going to be worse than that. I've been watching the market for years and I'd never seen inventory being so high and so many price reduction. Of course it depends where you live, Newsweek is predicting 10% average reduction in the US during the next year and 20-30% in the areas where the housing bubble got the worse( San Fran, Boston , Los angeles and Florida).
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They're predicting a 10% increase in CT for 2006.