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

To: Jack T. Pearson who wrote (36542)	5/28/2002 8:49:12 PM
From: Square_Dealings	Read Replies (1) \| Respond to of 52237

Yes I agree thats what this last rush is about in the housing market. But I think people are loading up on debt still near the high in housing prices. The payments may be low but in the end if the price of the home drops 20 or 30% then the benefit of low rates is wiped out. M.

To: Jack T. Pearson who wrote (36542)	5/29/2002 8:28:04 AM
From: Jack of All Trades	Respond to of 52237

Supply is also low atleast here in New England, I'm hearing around 4% supply which is low, should be 5-6%...

To: Jack T. Pearson who wrote (36542)	5/29/2002 8:48:15 AM
From: Terry Whitman	Read Replies (2) \| Respond to of 52237

There were a couple of Real Estate 'experts' on PBS (Macnell-Lehrer?) last night. In a nutshell: Housing prices are up 7% over the past yr. When asked why, they gave several reasons: - low supply, (4.5 months vs. the normal 9) - low interest rates: bringing more lower income buyers into the market and increasing demand. - investment: poor recent stock market returns have Joe 6 pack running to the RE market, chasing better returns. Also increasing demand. They were also asked how long housing could go up at a higher rate than inflation or wages. They didn't really give a good answer for that- but said it couldn't go on indefinitely.. TW