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

To: GraceZ who wrote (11740)	7/24/2003 6:23:23 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 306849

>>The market was very hot and everyone was in a panic to close on something. << hi grace.. doesn't that pretty much describe how the RE market has been for the last year? only the price of the houses is being bid up as interest rates fall.... which position would you think a first time buyer would rather be in.. time buyer purchasing a house at a lower price with a higher, deductible interest rate? or purchasing a high priced (imo inflated) home at a lower rate?