Bubble Wrap

Is there pain in your future?

Brownstoner blogs the Real Estate Journal’s “Prices in 100 U.S. Cities Expected To Decline for Next Few Years” which speak of “widespread doom and gloom for the nation’s housing market” which has NYC hurting the most during the quarter of 4/08 with a -3.5% drop.

The Real Deal notes the similar BusinessWeek story “Analysis: City price drops by next fall” which says that everyone sees declines but that “Observers with different methods of analyzing the housing market come to some similar—and some dissimilar—conclusions”.