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


To: Robert Douglas who wrote (1127)12/6/2001 3:13:55 PM
From: GraceZRespond to of 306849
 
That situation is not likely to be repeated.

I wish I shared your conviction.



To: Robert Douglas who wrote (1127)12/6/2001 3:19:55 PM
From: TradeliteRespond to of 306849
 
Over the long term, whether real estate does well or not doesn't ever seem to have much to do with economic fluctuations, or mortgage rates. It has to do with supply and demand. And as it grows scarcer in populated areas, it increases in value. Been doing so for hundreds of years.



To: Robert Douglas who wrote (1127)12/6/2001 5:06:01 PM
From: Jim Willie CBRead Replies (1) | Respond to of 306849
 
as mortgage rates rise next year, housing prices will fall
prices are stabilized with dropping rates
the process reverses next year
rates rise, jobs stagnate somewhat, inventory weighs down

what has remained constant has been mortgage cost per month
if that constancy continues with rising rates, then prices fall

nothing is that simple, but this phenomenon will be hard to interrupt
/ Jim