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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: John Vosilla who wrote (84433)8/10/2007 11:26:15 AM
From: MulhollandDriveRead Replies (2) of 306849
 
every person i've asked, 'where do you see the price of RE going next year'

the answer is always 'lower'

obviously market psychology has swung completely the other way (except of course that manhattan mortgage broker<g>) and i'm not at all convinced even a rate CUT will do much to stimulate demand

i told my daughter to consider renting in the near term after she sells her place, she's pre-qualified for $1.2M (at least she was in july) and she's looking for a bargain and she expects to get it!
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