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To: Lucretius who wrote (3435)	9/26/1998 11:54:00 PM
From: R. Gates	Read Replies (1) of 14427

Interesting DEFLATIONARY sign: I live in Denver where the real estate market has been very hot and the economy has been among the very best in the country. August was the first month in 5 years that the average price of a new home DECLINED, even though sales are still up 10% from a the same month a year ago and of course interest rates are at record lows. Home prices are historically among the best leading indicators of deflation. Just thought it was interesting... R. Gates

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