The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: TobagoJack who wrote (479)	8/29/2001 3:09:47 PM
From: Raymond Clutts	Read Replies (3) of 306849

Jay: Our family is about to build a new house on vacant land in the Northwest suburbs of Chicago that will take about one year to complete. In anticipation of a slumping prices in residential real estate, we have just put our home on the market and plan on living in a rental house for the duration as we build the new home. How long do you think think it will take before the new home sales begin to drop together with existing home sales? Obviously, I'm trying to time this market to remove equity from our existing home and ride the wave down to squeeze price concessions from builders as new home orders drop off. Any suggestions on which leading indicators are best suited for monitoring in order to time a transition of that type?

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