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: Live2Sail who wrote (121272)	5/7/2008 2:21:29 AM
From: Jim McMannis	Read Replies (1) of 306849

Moving Chronicles (08v1) viewfromsiliconvalley.com We rent in Silicon Valley. We've done so for five years now. During that time house prices went up, flattened and now are clearly declining. The moment of truth may be finally coming into sight. Sales volume is down 50% to 60%+ from past years and prices seem to be finally following suit. After a quick -$100K off the top from November to January, prices fell another ~-$25K (so far) during what should be the strongest part of the local selling season.

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