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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: MulhollandDrive who wrote (79569)6/15/2007 10:58:58 AM
From: TradeliteRead Replies (1) of 306849
 
<<there will always be homes in desirable locations that buck the trend>>

What you probably mean is that few homes in most urban areas are generic...Most of them, where I live, are strictly one-of-a-kind and not easily duplicated.

Older, built-out housing areas cannot compare with the vast subdivisions full of unbuilt or recently built homes by major builders, where just about everything is just about alike. Each owner of each home over the years lends something or subtracts something from the appeal of a home.

When a seller gets a buyer seriously on the hook, that buyer knows he's found a house he wants and has looked elsewhere already.
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