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

To: Elroy Jetson who wrote (18127)	3/4/2004 6:32:33 PM
From: Amy J	Read Replies (1) \| Respond to of 306849

Elroy, here's what's happening in the Bay Area: "LOW RATES, LOW SUPPLY DRIVE RETURN TO SELLER'S MARKET" By Sue McAllister Mercury News The home-buying bidding wars are back. One prospective buyer had 10 competitors for a condo in San Jose's Willow Glen neighborhood priced at $489,000. He offered $530,000 but didn't get the home. Another house-hunter made one of nine offers for an Almaden Valley house listed at $879,000. He bid $930,000, but the seller took another offer for the San Jose home."[snip] mercurynews.com. Message 19877451 It makes sense if the prices for condos accelerate, as one would expect at the top of a bubble, but the $1M home experiencing a price acceleration is puzzling at this late stage of the bubble. Would expect the $1M homes to settle down, while condos spiral, as a signal of the top of a bubble. Can you make any sense out of it? Regards, Amy J

To: Elroy Jetson who wrote (18127)	3/4/2004 8:23:47 PM
From: ams	Read Replies (1) \| Respond to of 306849

Do you have a website link? I'm interested in Orange County, CA. I do not live in CA currently, but am considering moving there. My state has a website, but I could not find a similar one for CA. TIA, ams