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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: BubbaFred who wrote (49682)5/8/2004 10:01:15 PM
From: Taikun  Respond to of 74559
 
Source: WSJ, Friday May 7, 2004

Page W14

"More people than ever are buying a home-or at least making an offer on one-without ever setting foot in it."

"Realtybid.com, a three-year old online real-estate auction house, says about 10% of the homes they feature now sell sight unseen."

"With home prices rising an average of 9% nationally from a year ago-and even more in resort areas-some buyers figure they just can't lose."

*****

Alright, bring out the bongo drums and repeat after me:

'You can't lose with real estate'

...but the adrenaline-laced jungle beat isn't quite frenetic enough yet, the howler monkeys haven't woken.