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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: tejek who wrote (304262)2/16/2011 2:46:37 PM
From: John VosillaRead Replies (1) of 306849
 
'Two local economists were quoted all but guaranteeing that Seattle was immune “if history is any indication.” A risk index from PMI Mortgage Insurance gave the odds of Seattle prices dropping at a negligible 11 percent.'

They were saying the same thing in Miami, Vegas and Phoenix in 2005 and probably the same thing in Vancouver, Hong Kong and Manhattan today. Notice most of the RE bubble still needing a major correction is outside of the USA?
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