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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: mishedlo who wrote (26315)12/29/2004 12:36:29 PM
From: John VosillaRead Replies (1) of 306849
 
<New starts plunge
New sales plunge
Existing homes hit new highs
Care to interpret that data?>

How about this spin Mish. Impact of hurricanes hurt starts in fast growing Florida. Tighter controls against flippers on new high end and second home projects reduces the pool of buyers. Existing inventory of the type of homes people really need in built out bubble markets where all the jobs are is still fairly tight.
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