According to the California Association of Realtors, the percentage of households in California able to afford a median-priced home stood at 18 percent in March. 18%! I figure if the market can't support the prices, they have to come down. Right? RIGHT?!?!
*prays for act of god - earthquake, lottery, whatever*
Source:
http://www.builderonline.com/industr...ticleID=127167