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How Low Will Market Go?

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It appears that the Real Estate section cover story in the Sunday Times has gone online, and it's about trying to predict how far apartment prices will fall: "Looking ahead, however, some believe it is possible that the average slide from peak values could reach 40 percent by the end of 2010, with variation by neighborhood and market segment. That would put values back to levels last seen around 2002." Many brokerage heads weigh in, with many saying they expect a less extreme 25ish percent drop. [NYT]