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: John Vosilla who wrote (278917)	9/27/2010 4:57:46 PM
From: tejek	Read Replies (1) of 306849

'In addition, I have to believe there is pent up demand. The rate of household formation has declined markedly for the past two years as people have doubled up. I believe pent up demand is building. Eventually, when people are more confident, they will come back into the market, looking for housing to buy. I think its a mistake to paint the entire country with one brush....esp. now.' I try never to do that. Remember most of the new construction was in the formerly fast growing sunbelt markets and that is now gone for a very long time. My guess is you can see decent numbers coming out of Atlanta, Houston and Dallas metro areas much sooner than Vegas or Orlando or CA central valley ....or out of AZ. I was very surprised that 35-40% of AZ's employment base was the construction industry. I thought that AZ was more diversified than that. As for Vegas, there is talk that MGM may file for BK. I think solid employment centers like you point out will see more growth. I don't know what you do with the Clevelands and Buffalos.

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