wrote in message
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On Fri, 28 Mar 2008 07:05:14 -0400, HK wrote:

BTW, property values in all the areas covered by Zillow have not declined.

Tell that to the people in SW Florida

According to Zillow, values in SW Fl are down 25 to 30%. I have a buddy in
Cape Coral that bought in the Spring of 06. He's trying to get out with a
50k loss +RE fees. Unfortunately comps. in his area are 200k under his ask.
It's not a good time to sell in Fl unless you are just upgrading or changing
location within Fl.