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

To: fatty who wrote (4735)	8/27/2002 5:07:13 PM
From: Tradelite	Respond to of 306849

Actually, fatty, I saw the same figure in the Wall Street Journal recently, but wasn't going to get into further discussion on this, because you are talking about apartment rents, when the bubble thing supposedly applies to home ownership. Apartment vacancies are up in my area, too.....because people want to own homes and have been buying them as fast as they can find them. Boston house prices have actually fallen while still going up elsewhere. Must be a reason. What is it?

To: fatty who wrote (4735)	8/27/2002 5:09:52 PM
From: larry	Read Replies (1) \| Respond to of 306849

Fatty, schaeffersresearch.com Now the last paragraph: Here's one last note of concern from the housing report. The average price for a new home fell from $220,300 in June to $215,200 in July. The median price fell from $186,200 to $170,500 during the same time period. Using the government's original median price data for July, sales for the month amounted to $173.4 billion. If you take the revised number and median price data for June, the total comes to $177.45 billion. In other words, the number of new units might be up, but the amount spent on these new homes isn't. enjoy, larry