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

To: ild who wrote (18599)	3/15/2004 2:50:40 PM
From: Tradelite	Read Replies (2) \| Respond to of 306849

<<If this doesn't mark the top, then what does?>> The story you referenced says: "The combination of historically low interest rates and low inventory has made bidding wars the rule rather than the exception." These conditions are not consistent with a market top, in my experience. The market top is visible when inventory is high and/or homes are being churned speculatively for quick profit. Seems to me the only thing churning right now is mortgages. Folks aren't moving anything except the figures on their monthly payments.