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September 08, 2008 |

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Business section article in the LA Times today.

Location: Blogs Wrate's rants... and predictions
Posted by: iwrate	11/15/2007
The article explained that home prices are now at 2005 levels and may dip in to 2004... but bottom fishers are coming back into the market so we must not be too far from the bottom. Wrong! I expect prices to fall below 2002 levels at a minimum. The turmoil in the mortgage market has barely begun. 2008 will be a record year for foreclosures.

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