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: Bank Holding Company who wrote (263720)	7/24/2010 10:13:08 AM
From: Jim McMannis	Read Replies (1) of 306849

No Wonder Home Sales Are Plummeting: Look Who Was Buying oftwominds.com The cliché has it that "all real estate is local," and while that is certainly true in a broad-brush way, it's equally true that some trends cut across local and even regional markets. Though some of the evidence is anecdotal, the national market appears to be subdivided into three categories of buyers: --Middle-income households who took advantage of the Federal tax credits to buy homes in good neighborhoods at prices under the FHA ceilings for conventional loans. --"Bottom fisher" investors who snapped up distressed properties for cash. --Overseas investors seeking to put their capital to work in distressed U.S. real estate.

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