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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Gary Taylor who wrote (14845)	6/27/2000 8:32:00 AM
From: Tradelite	Read Replies (1) \| Respond to of 15132

Gary, no...no formal system exists to keep track of failed contracts....in our area (Wash DC metro/suburbs)this year, more contracts than usual have fallen out because buyers have felt pressured to leap on scarce houses for sale and then sometimes get cold feet because they feel they had bid too much. Interest rates haven't been much of a factor in that frenzy up to now. Housing market now slowing, from what I can observe. But not sure it's interest rates.....probably more tied to the declining wealth effect. People with formerly fat stock portfolios are now feeling not so "fat"....nor quite as confident of the future. At least that's what is being thought and expressed by Realtors around here, based on anecdotal evidence.