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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Wyätt Gwyön who wrote (21975)7/6/2004 2:22:00 PM
From: ildRead Replies (4) of 306849
 
Yes, right now I'm just a spectator. No I didn't catch the top. There were sales at least 1% higher and some current asking prices are up to 10% higher. In March-April-May prices were going parabolic and some people just slapped another 10% or more on top of last sale price.
As I said sales are brisk and people are still very optimistic. Yes, there could be a little slowdown in RE which would be like a measly appreciation of 10% a year. Everyone knows that there is shortage of land in California. -g/ng- A realtor told me that there are still willing buyers and if you want to sell you need to price just a little below market. It will be seen later in August what is going to happen to inventory. There is a lot of new construction, but new houses are a lot more expensive.
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