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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: TARADO96 who wrote (24306)10/6/2004 5:56:23 PM
From: patron_anejo_por_favorRead Replies (1) of 306849
 
<<Listen, it is true that the Vegas market has cool off some and that the number of listings now equals 7 months of supply, but it is really not that bad. It is more a return to normal selling patterns, instead of getting multiple offers in days.>>

Agreed. I think a BIG part of Pulte's problem had to do with their pricing, which was in the the stratosphere. I think a lot of supply will come off the market in short order (ie, listings will be pulled for existing homes). Prices may even decline a bit over the next year or two. But migration in remains very strong and the economy has not fundamentally weakened there (at least not yet).
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