many apartments in Richmond ah~ most of them will finish construction by the end of this yr.. i think supply is more than demand la~ price will keep dropping...
also look at the economy now...those constructor need $$ to continue their unfinished projects..the price will drop too~
price is dropped quite a bit and mortgage rate is low, so many first time buyers are entering the market. so just waiting for the time that rent can cover payments.
the price is suppose to be dropped a bit after 2010. but i am concern the choices. if the price is low, people may rather keep them as rental properties.