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: ild who wrote (7750)	1/3/2003 12:15:31 AM
From: Elroy Jetson	Read Replies (1) of 306849

inventory is very low and prices are not falling Many sellers take their homes off the market just before Thanksgiving. But I was interested to see that this year most listings didn't get pulled until the second week of December. Very few listings actually went into escrow. In 1990 it was the ensuing Spring sales season that prices started to decline. Anyone can ask an high price. You only have to lower the price if you want to sell. It is nice to see that secondary market lenders are asking for some increased compensation for cash-out loans with less than 30% equity. I don't know if it will be a defining event, but market psychology definitely peaked in April 2002.

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