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

To: nextrade! who wrote (14012)	9/28/2003 7:25:23 AM
From: nextrade!	Read Replies (1) \| Respond to of 306849

Debt Illusion! gold-eagle.com Mortgage debt now represents over 45% of household real estate. This is up from 43% at the end of the 2nd quarter 2002. While this does not seem too bad it of course under represents many that job erosion and rising long term interest rates that will dampen the housing market. Recent numbers would seem to indicate that the housing market is cooling. Couple this with a low to non existent savings rate and any rise in the jobless coupled with a fall in the real estate market is courting a potential disaster.