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

To: GraceZ who wrote (16110)	1/16/2004 12:29:43 PM
From: Tradelite	Read Replies (1) \| Respond to of 306849

Yes, but one thing many buyers in the market are demonstrating very clearly is that they want homes more than they want real estate "investments". (This was the case for me when I bought, as well.) If the prices of their homes decline, they have plenty of other reasons to be happy with the homes they're in and probably too busy with jobs and kids to worry about where home prices are going. (That was true of me, also, for many years.) By the way, the "long-term trend" you refer to has been upward in real estate for centuries now. So where's the "norm" you see us reverting to in the future? I suspect there's a "norm" in some small towns and small cities where real estate activity isn't very dynamic. It would be a challenge, however, to identify the norm where I live. Was it set in the year 1950, 1980, 1990, 2000? What is "normal" in an area that continually undergoes population and economic growth for decades on end?