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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Lizzie Tudor who wrote (21139)6/1/2004 1:31:53 AM
From: SpekulatiusRead Replies (1) of 306849
 
bay area has been left off the boom, which doesn't gel with a RE market that is up 15%. .
Lizzie, prices may have been stagnating for very high priced homes, but in a lot of market segments/areas, prices have indeed appreciated considerably. you can look at virtually any area in the east bay, most parts of San Jose, Mountain View etc. , cheaper areas South of San Jose (Gilroy), or North of the Golden Gate. All those areas are up 30% total within the last 2 years. I also hear that apartments in Foster City are selling like hotcakes for 500k+. I don't know the compareables for 2000/2001 but it hardly looks like a hardship for sellers now.
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