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Strategies & Market Trends : Paint The Table

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To: Jorj X Mckie who wrote (11426)	1/24/2002 8:10:16 PM
From: MulhollandDrive	Read Replies (2) of 23786

siliconinvestor.com latimes.com These two articles are of interest to me since while they indicate housing demand is strong, the most significant increase is in low to moderate range. I think the LA Times headline is somewhat misleading because the prices referenced that are "soaring" in that article are in the more moderate (by southern CA standards) category. Low to moderate income people are qualifying more and more for loans and I think the lower rates are helping to create the impetus for them to buy. If you think of real estate in the same terms of the stock market, you could argue that once the "little guy" is fully "in"....you've peaked.

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