"We could not afford our home now. We purchased our home for $350K. It is now worth $650K." -- Jennifer C., California
"Prices in Florida have gone down because of property Insurance and Taxes." -- Pat H., Florida
"The prices have dropped on the home in my neighborhood, in the past year." --Betty K., Connecticut
"About this time last year townhouses in my subdivision were selling for $220,000. When new these cost about $94,000 in 2002. Today the price has fallen back down to about $160,000 and there ARE A LOT of For Sale signs. They have been up for months and months." -- Steve S., Florida
"After several years of double digit percentage increases, this past year has shown a decrease in value. For the first time in many years 'for sale' signs have the 'reduce price' sign added on." -- Ernie
"Houses are sitting on the market for more than a year. The only ones selling are those with substantial decreases in price, and even many of them remain on the market." -- Maureen O., Manorville, NY
"Hi Gang, I think I can say that without a doubt my home value has decreased somewhat (maybe 10-15%). I don't think that's so terrible after the huge run up in value in the preceding 5 years. More importantly though, for someone looking to sell their existing home, is the length of time it will take to sell that home. I don't need to pour over inventory figures or any other data to get a good idea about what's happening in this market; I think the most telling indicator is simply driving through the neighborhoods and looking at the FOR RENT signs. I hadn't seen nice single family homes for rent in years (about 1996-98) in my area... Now it is common. People can't sell their homes fast enough and need to generate some income as they move into new homes." -- Dan B., Shenandoah Valley, Northern Virginia
"More house for the money!" -- Linda I., Dallas, Texas
"The prices in my area have dropped a little, maybe 3 or 4% but there are so many homes for sale its taking at least a year to sell, just three houses down from me the house has been on market now for 2 years! I live in the central Florida area about 20 miles from Orlando." -- Tom P., Florida
"The prices in my neighborhood are down 20-50%. I'm talking about homes with your own dock 20 minutes from the gulf. It's a slice of heaven and affordable for the first time in 5 years." -- Mike G., Punta Gorda, Florida
"The cost of buying a house in my hood is significantly up. I would say about 20-35 percent. South Orange, NJ." -- Gary M., New Jersey
"A realtor in South Florida we are in a R.E Crash. Inventories have doubled in Broward County and are growing. The insurance, if you can find a policy to buy, and taxes are through the roof. Basically a six figure salary affords you a little bungalow, not on the ocean!" -- Greg D., Florida
"You can get a lot more but still has a LONG way to go on the downside." -- Adam B., West Palm Beach, Florida