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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Ramsey Su who wrote (38045)8/7/2005 6:33:10 PM
From: russwinter  Read Replies (2) of 110194
 
Of the twenty recent downtown San Diego actual closed sales, look at the eventual mark downs off the asking price: 7 were 8% or more, and 6 were 5% or more.
sandiegodowntown.info

In the six-eight weeks it takes to get through to closing, the one year constant treasury maturity (1CMT) has moved from 3.36% to 3.87%. Makes you wonder how many deals are falling from escrow based on interest rate and financing contingencies?

Meanwhile as those managed to get through to actual closing, 195 of 430 listings saw price reductions in the last seven weeks:
sdcondo.com
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