The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: mishedlo who wrote (59113)	8/4/2006 9:27:28 PM
From: Don Earl	Read Replies (3) of 306849

RE: "Prices on homes are falling in many major cities in the country." So? Show me the numbers where the appraised values on the same homes are dropping year over year. Not anecdotal accounts, or isolated markets, or forced liquidation type situations, but hard numbers to support Chicken Little's theory the sky is falling. Your most likely prospect for such numbers is going to be the annual appraisals most municipalities use for property tax purposes. According to theory at least, the annual appraisal is the current fair market value of the home. Tell me a funny story. Tell me yours went down this year.

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