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: Beachside Bill who wrote (59572)	8/10/2006 12:24:46 PM
From: ChanceIs	Read Replies (2) of 306849

>>>Well, mortgage activity back up..<<< That may be due to a few reasonable souls refinancing before Bernanke starts marching rates higher again. (I just heard on BBC that the English are looking to raise their rates again, after having done so about ten days ago. Will see if I can find a confirming article). How about these numbers from Philadelphia: Real Estate's Falling Numbers 32 How many days a home is staying on the market, up from 22 days in the same period in 2005. 41,389 The number of existing homes for sale in the eight-county Philadelphia region, up almost 40 percent or 11,784 in comparison with the first six months of 2005. 48.5 Percentage that new contracts for Toll Bros. single-family homes fell in the most recent quarter. 18 Cancellation percentage for new homes reported by Toll Bros. A typical rate is 6 percent to 8 percent. If prices nationally haven't fallen yet, they surely will very soon. Prices may be propped up by the free swimming pools the builders are offering so that the folks who bought from them in the previous six months don't seize and enslave their first born males.

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