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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: SouthFloridaGuy who wrote (36161)7/24/2005 9:51:08 PM
From: SchnullieRead Replies (1) of 306849
 
There was a study published within the past two months or so that quantified this phenomenon. I don't recall the authors but it seemed like a standard banking report that's probably published monthly or quarterly. Basically, it presented the current dollar amount worth of ARMs that would adjust in 2005. The figure went up by an order of magnitude or so in 2006 and then really went through the roof in 2007. There was no comment or interpretation, just presented the numbers.

I don't remember the actual numbers but they don't really matter since they're all simply very large numbers. The year-to-year jump though, particularly in 2007 (it didn't go any further), conveys shock and awe.

It also screams out to avoid the likely rush for the exits and sell in 2006, if not sooner. Anecdotally, I would say that process is underway in Silicon Valley and parts of the Bay Area.
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