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

To: Lizzie Tudor who wrote (11898)	7/30/2003 3:30:01 PM
From: Jim McMannis	Read Replies (2) \| Respond to of 306849

RE:"Some sellers in my area have finally realized we aren't going to get the snapback heated economy here that we had in the 90s. Its taken that long for people to realize." Yep, it takes a while for them to throw in the towel...as with any bubble. Japans real estate market has been declining for about 12 years and they haven't been making any more land either. I suspect Silicon Vally will undergo a similar fate. Are they having any increase in foreclosures out there? Many people underwater from the price they bought at? Colorado is having to deal with that right now along the front range due to tech lay offs. Jim