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: LTK007 who wrote (268306)	8/11/2010 4:39:21 PM
From: Broken_Clock	Read Replies (1) of 306849

The reason the median price is going up is because the top end is getting crushed and more sales(% wise) are now occurring at the upper end skewing the median price higher. I just saw a closing today for 690k here in Kona. The guy paid 900k at the bottom of the last recession in 1994. Minus his 7%+ closing fees, I'm guessing his ass hurts really really bad today. House was likely in the $1.8-2m range at the 05/06 peak.

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