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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Tradelite who wrote (21147)6/1/2004 10:24:53 AM
From: Lizzie TudorRead Replies (2) of 306849
 
In a true market, ALL prices would be available and gauged like the stock market. But that is not what NAR tells you, it only tells you what has SOLD. Big difference. Not that they have any alternative mind you, but anyone claiming that prices have gone up 15% in Silicon Valley this last year is drinking some kind of koolaid. I mean seriously. You might have a small group of homes going up but a unilateral 15% rise- NO WAY. And their statistics don't even show any meaningful declines from the 2000 peak which is ridiculous.
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