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: GraceZ who wrote (1270)	12/31/2001 9:14:18 AM
From: Robert Douglas	Read Replies (1) of 306849

From a Merrill Lynch report: The number of existing homes for sale increased 6.7% and represents a 4.8 months’ supply. The median price of a new home rose 1.3% to $147,300 and is up 5.6% from a year ago. New home prices, in contrast to existing home prices, are weakening as they fell 9.8% in November October and have dropped 11.0% during the past year. This is where you would expect the declines to begin.

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