Zeev,
You see a lid on home pricing as well.... or a set up for a good 20 -30% or more decline?
I just sold my socal home after having it on the market for 5 months and 4 price reductions later. (Listed at $749,000 in March - just sold for $702,000 last week). Listed based on sold comps in area at the time.
Was offered $724,000 first week on the market - that we turned down!!
Don't feel sorry for me though. Bought in '97 for $205,000.
Moving back east to Louisville, KY.