This is an intersting topic; if you listen to some, they would have you believe that the sky is falling. http://www.biggerpockets.com/renewsblog/2006/08/30/irrational-exuberance-the-real-estate-bubble-and-the-weakening-of-the-us-economy/EDIT: Actually, I have to credit Wheatie with this link from another thread.

I just wasn't sure if it weakened my position at all to change my offer later.

This weakens the idea of having individual houses in LLC's, at least in my mind.

Homes are spending more time on the market and the pace of both home sales and price growth is slowing...This normalization does not necessarily mean a weakening housing market, but a return to less aggressive market conditions."

My primary residence is walking distance to the largest employer in the city (Hospital / University (largely medical)), and I'm willing to bet anyone money that it won't go down in value as long as I live.So to summarize in general:Homes up to 150K flat or upHomes over 150K down 5-10%Homes in ideal locations have the ability to go up more than 10%My big question is:When are the commercial foreclosures coming, and what is that going to do to the weakened financial system?

Right now, the mortgage market is weakening and lenders are either pulling out or tightening credit.

If Seattle and other Cali cities adopt RC over the next couple of years this could be a game changer, as assembly member mark Leno has aggressively been trying to weaken the Ellis act.

When the economy starts to contract investors will look at the rising cost of margin debt and the weakening economy and start to deleverage out of stocks, this will cause stocks to drop, resulting in more deleveraging.  

It is not the same as a cash offer so it will weaken your offer, but it is about all you can do until you get enough cash to make cash offers.

Understand the currency markets and its cycles of when the Yen/Euro/Gold strengthens or weakens against the dollar.