Alexis McGee Price Quotations

Our research has always shown a correlation between foreclosures and a flattening home price appreciation curve.

We're seeing reduced price appreciation in the Pacific Northwest, and Alaska although population growth and job growth there remain strong.

We're beginning to see price declines in most eastern markets in the fourth quarter of 2005.

Other Florida cities are showing similar price profiles, with the biggest inventory buildup on the state's West Coast. That buildup will lead to increased time on market and put more downward pressure on prices.

The median home price in Boston fell 4.5% over the last three months. In Washington D.C. prices were flat over the last 30 days, but down 5.4% over the last 90 days. Realtors outside Manhattan in New York City report a shift to a buyer's market.