The bottom yet?

As the real estate debacle continues to unsettle our economy, chief economists are very afraid that things will still get worse before they get much better. Colorado Springs has taken its fair share of lumps during this process however it's important to point out that these stats reflect a more national view on real estate and its effect on the economy. Since our appreciation rate has been more on par with modest 3-5% annuals return rates our housing market has been very protected from owners owing more on their loans then their houses are appraising for. Remember, things are bad but they could definitely be worse.