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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?

To: Bucky Katt who wrote (11380)	7/31/2002 12:28:12 PM
From: James Strauss	Read Replies (1) \| Respond to of 13094

William: Good housing article... A housing boom needs a healthy middle management universe that wants a second home and or wants to trade up... If these people find themselves out of work the demand for second homes or tradeups will decline... Some of these second homes may have to be sold to create cash flow for out of work execs... In this scenario housing inventories could start to back up... If that happens, the law of supply and demand begins to put downward pressure on prices as the need for cash becomes greater than getting one's initial listing price... By historical standards the unemployment rate in this recession is low, but the makeup of the unemployed has a larger concentration of middle management people than prior unemployment pools... As such, unless there is a demand for more entry level residences, the sluggishness in the second home and trade up areas of the housing market could weigh heavily on the rest of the market... The next 6 months should give us the answer... So far, the numbers look good... huduser.org Jim