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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Elroy Jetson who wrote (10829)5/27/2003 10:46:06 PM
From: J. P.Read Replies (1) of 306849
 
<<In the long-term, real estate prices exactly match the growth in GDP.>>

In Q1 2003 the ANNUALIZED rate of GDP growth was estimated at 1.6%.

money.cnn.com

Somebody just wrote that Real Estate in Irvine California is up 20% year over year:

Message 18975478

What conclusions would you draw based on this data?
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