So, my cousin is a real estate and mortage broker. Been in the bus. for decades. Anyway, he ran some cops and did some digging. I live in whats called Blossom valley here in San Jose. A quick look at some numbers he gathered and ran; June 2008- price per sq foot (dollars)/ follwed by average home price June 2008- $360.42/$587,560.00 June 2009- 294.79/499.709.00 June 2010- 300.56/518,012.00 ( first time buyer credit bump?) June 2011- 283.79/498.577.00 So hows that for a drop off?