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Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: John Carragher who wrote (48570)	6/11/2003 8:51:20 AM
From: Ron McKinnon	Read Replies (2) \| Respond to of 53068

re: homes sales there are basically 4 factors - demand: economy, wages, demographics; most of these are fair at best - supply: seems to be reasonable in most areas, not an excess like in bubbles of the past -interest rates: THIS is the driving factor; years ago the rule of thumb is one should look to pat 2.50 annual income; today people are paying 3-5 times or more when, not if, rates rise the WILL be an impact -price of homes: has been going up year by year, in some cases parabolic; when rates rise this will likely stall, or drop?