Waiting for Prices to Drop 30%?

In recent months, I haven't spoken to too many real estate buyers who are waiting for prices to drop another 30% but there were a few last year. As it turns out, these Chicken Littles awaiting this kind of disaster are few and far between. As many numbers show, prices are heading toward stabilizing in the Sacramento market, sales are up and inventory is down, even the Sacramento Bee was surprised by the numbers and first-time buyers are entering the real estate market and Greenspan called the housing bottom nationally.

But for the rest of the doom-and-gloomers, here is a very interesting article to read about how the Case-Shiller index that the media keeps playing up as "the best gauge of home values" has a reason to be pessimistic - it has relationships with hedge funds on the side. So much for the Chicken Littles talking about Realtors with bad ethics and conflicts of interest.