Sacramento market?

[Steven Tankersley]

What do you guys think? Do you think weve seen the worst, or is it just the tip of the iceberg? Im seeing houses getting close to dipping below 200k that were 300k a year ago. I can throw a rock in any direction from my front porch and hit 3 REOs. I dont see houses dropping much below low 200k, but maybe Im optimistic? Good time to hop on the market, or ride it out? Just seeing what the Northern California REIs think of this volitile market