Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Jack T. Pearson who wrote (36542)	5/29/2002 8:48:15 AM
From: Terry Whitman	Read Replies (2) of 52237

There were a couple of Real Estate 'experts' on PBS (Macnell-Lehrer?) last night. In a nutshell: Housing prices are up 7% over the past yr. When asked why, they gave several reasons: - low supply, (4.5 months vs. the normal 9) - low interest rates: bringing more lower income buyers into the market and increasing demand. - investment: poor recent stock market returns have Joe 6 pack running to the RE market, chasing better returns. Also increasing demand. They were also asked how long housing could go up at a higher rate than inflation or wages. They didn't really give a good answer for that- but said it couldn't go on indefinitely.. TW

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