What's the real price of real estate now?

Quote from IanMacQuaide:

We just sold a house here in Houston last week. Didn't get top dollar, but we did ok. At closing, the title agent said she's doing sales, but most were short sales. The mtg lady said she's writing loans and funding sales all day every day.
Life goes on.
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yeah but Houston is in TX....yah naow the lone star state...country.
 
I just applied for jumbo refi with Pentagon Federal last week - for all the talk about how impossible it is to get a loan I had no problem getting approved and they have some really great rates on Jumbo 5/5 ARMS.
 
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