real estate market falling?

[iamom]

aldoushuxley is always good for instilling in me some healthy fear about the economy. He recently entered this post about falling prices in the Boston housing market, and it has me wondering about what might happen to prices here in Halifax.

Sellers chop asking prices as housing market slows
Cuts of up to 20% are now common as analysts see signs of a 'hard landing'
By Kimberly Blanton, Globe Staff
December 9, 2005

Boston-area homeowners trying to sell their houses are sharply reducing asking prices -- in some cases, by $100,000 or more -- in response to the sudden slowdown in the real estate market.

http://www.boston.com/business/articles/2005/12/09/sellers_chop_asking_prices_as_housing_market_slows/ ;