Homes: About to get much cheaper

Here's the outlook for New York Metro:

"The nation's biggest metro area, New York City, will underperform the nation as a whole over the next two years, according to Fiserv. Prices, which have already fallen 21.7% to a median of $375,000, are expected to fall 17.4% by June 2011."

Without more information on the scope or methodology, it's hard to assess the relevance of this projection for any specific sub-market.

Why are you including data on WAYNE NEW JERSEY and WHITE PLAINS NEW YORK when that is IMMATERIAL to Manhattan.

Stupid, stupid, stupid.

And it's hard to take seriously anyone who projects home prices with such precision in 2011. Expected to fall 17.4% by June 2011? Thank God it's not 17.5%!