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: MSI who wrote (6679)	11/12/2002 9:26:41 AM
From: SouthFloridaGuy	Read Replies (1) of 306849

Long Island Home Update: Inventory building up rapdily in my two favorite (but unafforadble) areas like Great Neck and Syosset. Two weeks ago I posted I saw a marked increase in homes for sale - at that time Great Neck had 91 homes available (the most I had seen in the area since 4/01). The following week I said it had increased to 95. Well, this week we hit 100. That's no joke, IMO, because since I started watching in April of 2001, that figure never surpassed 84 homes and fluctated between 74 and 84 consistently. Syosset moved to 59 homes available. The average over the last year and a half has been 45. No big changes in middle class areas...yet.

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