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: patron_anejo_por_favor who started this subject	5/30/2002 9:38:52 PM
From: rolatzi	Read Replies (1) of 306849

Leading indicator for real estate I was talking to a friend of mine today who is an architect in the Boston area. We were talking about how difficult it is to get contractors to work on your house. I went on to say that I expected real estate to have peaked and to begin a decline. He then told me that in the last month or so, he has noticed that if you needed a surveyor, there is not wait for an appointment. In the recent past, you had to wait weeks or even a month to get one. He then pointed out that the surveyor is the canary in th coal mine, or as I put it, surveyors are leading indicators. We both concluded that this foretells the coming decline in housing. Ro

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