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

To: nextrade! who wrote (3460)	7/18/2002 1:43:52 PM
From: nextrade!	Read Replies (2) \| Respond to of 306849

Nice rant here! found on Fallstreet, gold-eagle.com "Oh but wait! Housing is still strong! Folks won't stop spending because their housing gains offset their market losses!" Yeah. Tell that to housing stocks. Take a look at any handful of home builders. You'll note that most of their stocks have completed tops after extended climbs and have turned lower. Fannie Mae and Freddie Mac broke down big-time in recent weeks. Yeah, yeah, the government housing data still looks great. Then why are the housing stocks tanking?

To: nextrade! who wrote (3460)	7/18/2002 2:14:34 PM
From: Elroy Jetson	Read Replies (3) \| Respond to of 306849

Southland Home Prices Hit Record Highs - The Truth Behind the Hype While asking prices has suddenly jumped, the number of transactions has declined sharply. In spite of references to a "tight supply of housing" the inventory of homes for sale has never been higher, and the number of days on market continues to lengthen. (This is often hidden by withdrawing a stale listing and re-listing it, again and again) The Southland (Los Angeles) market has topped out.