How Low Will Real Estate Go?

Forbes reports:

Get used to it--the seller's market is closing up shop. The days of fat, fast home value increases are gone. Pack away those flipping fantasies.

"The boom is definitely over, there's no debate about that," said Mark Zandi, chief economist of West Chester, Pa.-based research firm Moody's Economy.com. "Now the question is more how hard is it going to land, if it lands at all."

If you are in an area that's losing population and jobs all you have is speculators to hold up prices.Good luck.