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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: chic_hearne who wrote (82147)3/20/2001 1:55:03 PM
From: Andrew G.   of 436258
 
chic_hearne : 'just want to say thanks to you and others for commenting on real estate as it is a key component of our economy and often neglected by the media as an indicator of consumer level of confidence and spending capacity. The RE industry is keenly aware of economic conditions and, for whatever impact they may have on the media, do not want to paint a picture of instability.

Perceptions shape prices and suppy/demand, be it stocks or RE.

We have not seen an across the board drop in RE value in quite sometime, but should it happen, it is likely to come with some momentum and escalation. Developers may need to scale back to keep dropping prices in check. That may be the first clue of a change in market conditions.
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