I get asked this question every day!  How much longer will home sellers be required to lower the list price of their homes to compete with all the

Bank owned homes on the market today!  So here is the latest and greatest for you on this subject!  It looks like in the counties of Amador, Calaveras

and Tuolumne we looking at approx 24 to 36 months more of foreclosures.  Also, we are expecting approx. 10% reduction in home prices for another 12

months.  So, The bottom line is..... if you are considering selling your home I would highly suggest you get on it right away so that you don't loose more

equitty or hold off for 3 plus years!  If you are interested in buying, Yes now is a great time to buy is the price is right!