I can post a couple of observations:
1) My brother is currently looking for a PPoR on Long Island (NYC outer suburbs, about 5km from JFK) and US$420k buys a very nice 4x2 on about 600m2,
like this. These prices have largely held steady the past 12 months but are perhaps 30-50% off the peak of 2-3 years ago. Incidentally, annual taxes on a $400k property in NY state are about $9k-$11k, depending on which village you're in.
$400k for a nice house within commuting distance of Manhattan seems to me to be rock bottom, but of course no guarantee that prices will increase in the foreseeable future. (I wouldn't suggest these are investment options though, there are far better options out there)
2) A colleague of mine was recently in Florida looking to buy condos. His REA over there actively discouraged him from buying at this stage, with expectations of further falls in the coming 6 months. Some of these (rather nice) condos have annual strata fees normally of about $15k, but at the moment there are so many bank-owned condos (who apparently don't pay strata fees) that the real owners end up paying about $50k pa in strata fees...ouch!
There's some interesting data on the number of prime resets coming up in the coming 3 years. Perhaps not as bad as the sub-prime resets of 2 years ago, but tough resets all the same!
Cheers
Jonathon