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: Tradelite who wrote (84395)	8/10/2007 10:17:35 AM
From: Think4Yourself	Read Replies (2) of 306849

If you can make that argument in three months, when rates have stabilized and truly desperate sellers (and foreclosures) are flooding the markets, then I would be willing to agree you were right. At this time rates are up on panic but sticky prices haven't adjusted yet. Willing to bet foreclosure rates on ARM's resetting in the next few months exceed 20%. Last one to lower their price...gets reamed.

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