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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Casaubon who wrote (70467)	2/26/2001 12:30:09 AM
From: Crimson Ghost	Read Replies (1) \| Respond to of 99985

Housing prices in California are among the highest in the nation and the San Francisco SMSA is among the highest in California. Housing prices in places like San Francisco and Santa Cruz have been a major beneficiary of the tech boom in nearby Silicon Valley. Growth restrictions and lower interest rates are supportive, but will only serve to moderate a downturn -- not prevent it. I would expect the housing price downturn in northern California to begin just about now. Generally speaking those areas that experienced the most housing price inflation during the 1990s should suffer the biggest falls. Places such as San Francisco, Los Angeles, Washington DC, New York City, Boston, etc. These are the places that benefitted most from the rapidly fading tech and financial booms.