5 Housing Markets That Have Further to Fall from YAHOO

Yeah, Yahoo is an expert on valuation and markets:

http://finance.yahoo.com/echarts?s=YHOO#chart2:symbol=yhoo;range=my;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined

http://finance.yahoo.com/echarts?s=YHOO#chart2:symbol=yhoo;range=my;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined

-from the article
-close friend just saw a coop listed at $1.99m that's renting for $7500/mo. with building clause limiting rental term to 1-2yrs
-seems out of whack to me and/or suggests seller who thinks all they need to do is to wait and "the mkt will come back"
-defn not a sign of capitulation and bottoming

"2) New York
Anyone who was hoping to see Wall Street suffer from the financial crisis can relax. New York may have avoided the nationwide implosion in home prices early on, but the city saw its largest-ever monthly decline in March, at 2.5%.

“New York may not be out of the woods,” Maitland says. “Because of what’s going on with the financial markets and the layoffs on Wall Street, New York may be one of the last places to turn around.”