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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Elroy Jetson who wrote (26327)12/29/2004 6:46:22 PM
From: Les HRead Replies (1) of 306849
 
If the current housing market is predicated on more loans to marginal borrowers and on speculative buying, you should expect to see more turnover in used homes. 1 out of 6 homes bought without downpayments have to be resold at a loss. With all the trolls looking for "ugly" houses, it should come as no surprise. They often flip within 30-60 days of purchase. It should be evident in the average age of the homes being sold.
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