SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: J. P. who wrote (57681)7/13/2006 6:00:17 PM
From: patron_anejo_por_favorRead Replies (1) of 306849
 
>>I'm interested because we need a bigger house, but there is no way I'm buyin' now!<<

It already has resulted in lower prices at least here in AZ, in Vegas, in Beantown and in Florida. The typical pattern as the cycle rolls over is for transaction volume to drop first as qualified and willing buyers drop out. That appears to have begun on a national basis beginning 07/05 or so. Prices can even continue higher (for awhile). Then the more leveraged or speculative buyers begin panicking and prices decline (which also discourages some buyers, leading to a vicious cycle). Then prices continue dropping. How long it will last is anyone's guess, but a couple more years to the bottom would be a normal cycle. This one may be "bigger than normal", so be patient.....is renting a possibility?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News