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: Sea Otter who wrote (86272)	8/20/2007 10:51:06 PM
From: Snowshoe	Read Replies (1) of 306849

In Alaska we're seeing an elevated level of mortgage defaults that started last fall. They are projecting 1,200 statewide by year end, in a population of 650K. The market is getting sluggish. Nobody seems very worried yet. The economy is still quite strong, and the state has $40 billion in the bank. But oil production is declining, and so is federal funding. Things could get dicy in a few years.

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