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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 (21263)	6/3/2004 4:07:04 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 306849

didn't somebody say million dollar homes in santa monica area were flying? It seems like the high end parts of LA are absorbing the 1-2mm dollar range from what I am reading. Of course it could be that all this press is exactly the same situation as what we have here- pumping up the numbers. That federal reserve PR nailed it for 2003 RE, with santa clara being the bottom 2%. And yet some are even disputing the fed, saying whatever the fed uses is not statistically significant. It sounds like the fed is right on to me, for this area.