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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (917)	10/19/2001 8:29:22 AM
From: J. P.	Read Replies (1) \| Respond to of 306849

I'm not sure how the rate chart will wiggle, but it seems like the preponderance of the down move in rates has been made. It seems like a lot of ancedotal evidence is appearing suggesting prices are ticking down despite lower rates, just wait until rates tick back up to 8-9%...that ought to put the kabosh on some of the ridiculous prices I'm still seeing out there. In some areas of Chicago, we still have people asking 750K for a 3 bedroom 2 bathroom ranch house! These are people who paid 75K for it 15 years ago... realtor.com I am seeing a lot of houses with "reduced" added to the for sale sign on the front lawn.