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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Mick Mørmøny who wrote (21795)6/26/2004 2:53:47 AM
From: JF QuinnellyRead Replies (1) of 306849
 
Mr. Zandi, of Economy.com, said that in overheated markets like Southern California, housing prices could easily drop at least 5 percent.

5%. On the first day, maybe. When the bubble blows in Orange County it will a good deal more impressive than 5%.
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