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Non-Tech : Another Investment forum

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Nov 5 4:00 PM EST

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To: richardred who wrote (22)	4/19/2006 3:13:37 PM
From: Peter Dierks	Read Replies (2) of 340

Sales of existing homes have been cooling off as well. It is possible that the great housing boom has taken a pause. Common wisdom is that many people have been using the rise in their home home equity to supplement their lifestyles. To the extent this is true a reduction in the rate of increase in home values is bad for the economy. An actual decline in home values could be a disastrous development. Great find. Thanks.

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