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Strategies & Market Trends : The New Bull Market.
RMBS 98.04+1.8%3:59 PM EST
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To: Rich1 who wrote (710)6/17/2002 11:55:53 AM
From: Chip McVickar  Read Replies (1) of 1750
 
Boston saw an explosion of fancy homes in the early 80's and in 1987-89 their prices collapsed along with S&L's and the condo market. Beginning in 1995 another explosion in demand for fancy homes..., even larger then before has dominated the Boston area. Small homes [$350-500,000] with lots that could accept zoning were torn down and $1.5mill palaces were built. The neighborhood streets now look like a volume bar chart with extreme volatile bar patterns.

By the end of 2001 the high-end homes have stopped being built and the market for more moderate homes has sustained their values and are rising 8-10%. Even condos are still holding their value. Where this midrange market goes now is anyone's guess. But safe to say it depends on how safe the populations attitudes are to sustaining their earning capacity going forward.

I doubt there's any kind of a crash without outside unexpected stimulus. But one good expect a slowing and leveling off of demand.
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