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

To: Bucky Katt who wrote (55115)	10/4/2001 8:56:45 AM
From: Tradelite	Read Replies (2) \| Respond to of 57584

Mr. Jepson....home sales are slowing everywhere, not just in a 9-county area of Chicago. That is normal, healthy after a big run-up, and will do little to hurt the long-range prospects of real estate in this country. The slowing was bound to come....it was too hot and fast before....but many observers will say that real estate is still underpriced in this country. It's time for people to stop studying terrorist attacks or economic downturns, and look at the sheer numbers of people who need housing in the U.S. today. The baby boom generation gave birth to multiple kids, and the multiple kids are having kids-----everyone needs a place to live. Where are they going to live? Prices will be determined by income levels and economic health, of course, but the fact remains that we have more people than ever before, all trying to find a spot on a limited amount of earth.