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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Tradelite who wrote (47577)	2/18/2001 6:50:37 PM
From: DlphcOracl	Respond to of 57584

Tradelite: I think you misunderstood my post. What I said was (or meant to say) is that the home-building industry is still extremely strong, with record-setting backlog for NEW home orders. This was what Toll Brothers (TOL) and KBH both reported in their latest earnings and seems to be true across regions. I did NOT say that existing real estate would continue to appreciate in value and, in the high-end market, expect prices and values to fall sharply later this year. This will be a continuation and extension of the sharp value correction in tech stocks. I expect to see this in areas such as: New York, California, Boston, etc. DlphcOracl