I've been mentioning for months that real estate, in most cases is going to drop. In special cases like beach front property, and areas where development is limited or not allowed, this won't be true, or as true.
Here are some links and reasons:
3 reasons home prices are heading lower
Housing Inventory Still Dramatically Oversupplied — Before You Add In The Foreclosures
Resets Projected to Cause Mortgage Crisis in 2010
Q3 2009 U.S. Foreclosure Heat Map
A nationwide forecast for real estate is below. If you look to the left side, you can click on your state