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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Beachside Bill who wrote (58754)8/1/2006 6:04:23 PM
From: tdl4138Read Replies (2) of 306849
 
<<< Sale prices made new highs last month >>>

Not really. With fewer homes selling, low end property is getting hit the hardest. When you remove all the first time buyers out of the marketplace, of course the average sale is going to be higher. Homes, in general are not going up anywhere...but the mix of what is selling is changing drastically.

I would suggest you consider studying the "numbers" a little closer. Especially the biased self serving numbers produced by NAR and their surveys. They don't have any basis in "fact".
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