"Campbell Real Estate Report": 40% to 50% drop in prices
The great "Campbell Real Estate Report": Bob was the first to call the top of the real estate boom in his August 2005 reports. Robert is now very bearish on the future of real estate pricing. He thinks prices could drop as much as 40 to 50%. I asked him how this could happen without setting off a recession. His answer is that "It can't." He thinks a recession is in our near future.
From: RR
From: RR
posted by Dr. Jeff Lazarus MD at 6:44 PM
2 Comments:
Does he believe prices in the Bay Area will drop that much?
-- David
Today:
New condo, 1500sqft, two bedrooms: $700K
Existing home, 3000 sqft, three bedrooms, three garage, 1/8acre: $700K
Yes, I think he's right.
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