Our neighborhood is a rarity these days, mainly 60's ranch houses well taken-care-of, in a prime school district, in a low property tax location. When a house goes up for sale in our neighborhood, it's usually sold in 2 weeks for the asking price.

Ours are about the same and maybe slightly higher. However, the city I live in provides the only affordable housing in Fairfield County, so we have not been hit as hard as the towns around us have with housing values declining.

Our city is one of the very few around here that houses are still appreciating, thankfully.

In my neighborhood prices are down. My neighbor is upside down in their mortgage so they can not move. We have been here longer than them and do not plan on moving anytime soon.

House prices in my town have stayed the same for the most part but nothing is selling. My neighbors house has been on the market for months. It's reasonably priced IMO and it just isnt selling. Good thing we arent looking to sell anytime soon!!!

Houses in the closest city to us are going down in price and staying on the market much longer. I guess at this point if you are a first time buyer with good credit now is a great time to buy.

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Goals for 2008:
Pay off all credit card debt
Establish savings of $1000+

After about 10 years of watching the prices go up and up, this year our market seems to have leveled off. The houses that are priced fairly are selling quickly. The houses that are overpriced are sitting. There is one down the street from me that has been on the market almost a year. They started off at $625,000 (about 100k more than it was worth - it needs a LOT of updating and a new roof) and they have lowered it multiple times. It is now down to $525,000 as of last week. I am sure someone will buy it at that price if they don't think there is something majorly wrong with it since it has been on the market so long. No room for greed in this market.

Since we moved in 4 months ago, prices have dropped considerably and very few houses are selling.

I live abou t 1hour outside of Cleveland, OH in a suburban/ almost rural community. The schools are great and it is a newer and growing community. We move here 2 1/2 years ago from the east coast. So, we got this house pretty cheap compared to what we paid in Philly.

The market in our town is flooded with homes for sale. There is a glut of brand new homes for sale which is depressing the market for existing home sales. We bought in 2005, which was a the height of housing prices. We owe much more than our hous is worth. It makes me sick! We have had multiple foreclosoures in our neighhborhood which has decreased the value of our home even more.

We are here for the long haul so I am not too concerned about the decrease in property values. I can see us in this house until our little ones are done with college...so, we are just going to ride this out