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To: Broken_Clock who wrote (1923)7/3/2000 8:45:54 PM
From: Les H  Read Replies (2) | Respond to of 436258
 
Apparently, buyers are purchasing homes despite appraisers deeming the purchase prices above fair market value

sfgate.com

Also, Acompora sees breakout in SF housing prices.

The formerly new neighbors three doors down flipped their property in just about twelve months for a quick 35 percent gain. Being one block off of the lake, it sold for just $20,000 below what the lakefront property in front of it sold for six months ago.



To: Broken_Clock who wrote (1923)7/5/2000 9:50:14 AM
From: pater tenebrarum  Read Replies (1) | Respond to of 436258
 
PK, all financial asset bubbles eventually grip real estate markets as well - which in turn become the biggest source of future loan defaults.


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