I live in nashville... the neighborhoods I live in/near haven't seen housing prices fall one bit (crieve hall, green hills, sylvan park, franklin, thompson station. i've been watching and waiting for a year now for a modest house between 200-300k. I can't speak for houses priced much below or above that price level, but the same house that went to market at 250k last year will list at 250k this year, which I recognize is a slowdown, but that certainly is not a bubble being popped... to give you an idea of the runup we experienced, that 250k house, if purchased in 2001 would have been 165k... maybe in other markets that house price doubled, but still we definitely saw prices increase 50% over five years leading up to this, and there certainly has not been, nor do i anticipate a correction.
