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

To: JF Quinnelly who wrote (15707)	1/1/2004 3:21:28 PM
From: biometricgngboy	Read Replies (1) \| Respond to of 306849

Record low mortgage rates in 2003 lead to record home sales in region By Elizabeth Rhodes Seattle Times staff reporter seattletimes.nwsource.com excerpt: "So prudent homeowners and prospective buyers will need to be watchful. Here's the pros' advice: * * * Finally, don't wait for an imagined "real-estate bubble" to burst, Riss cautions. 'We don't have one, and we're not going to have one, because we continue to have a limited supply of housing.' And the lack of buildable land, particularly in King County, means "there's nowhere else for people to go. It's going to drive up resale prices," Riss concludes."