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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Shack who wrote (4579)	3/31/2001 10:24:17 AM
From: Terry Whitman	Respond to of 52237

There has certainly been a RE bubble forming in many areas. Urban/ suburban areas with no new land to build on, like NY, Boston, LA and San Fran. have seen big inflations. Other areas where there is room to build new development haven't seen the values go up as much, because the market has expanded with new homes to meet demand. Here in my area, in IN, although demand has grown, we haven't seen much appreciation in existing homes over the last 5 years, because of new construction. I'd say our home value has been flat for 4-5 years. It probably will remain flat until inflation causes new construction costs to rise more. Building materials are still cheap, and labor costs have not moved up much, yet.. A general inflation would cause inflating RE values nationwide, instead of in concentrated areas, IMHO. But I'm no economist- and you probably should doubt me even more if I were. <g>