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

To: ild who wrote (21976)	7/6/2004 2:24:07 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 306849

well, the last crash in RE manifested itself after labor day. I think labor day tends to define the trends... but your post ("didn't catch the top") says it all really

To: ild who wrote (21976)	7/6/2004 2:52:48 PM
From: Wyätt Gwyön	Read Replies (3) \| Respond to of 306849

1% below the top print--not bad at all! it seems the one thing that would surely kill housing is a credit crunch--the question is, could that possibly happen? enough failures among credit purveyors would surely cause a credit crunch. enough nonperforming loans would surely cause creditors to fail. enough of a rise in interest rates would surely cause loans to nonperform. so an interest rate rise is a decisive domino. i know Heinz thinks RE will collapse in spite of declining rates, but i think this is unlikely. regulators, borrowers, and creditors have shown they will go to the extremes of zero-down interest-only ARMs in order to keep the bubble going, so i think a rate rise is key.

To: ild who wrote (21976)	7/8/2004 12:26:53 PM
From: GraceZ	Respond to of 306849

A realtor told me that there are still willing buyers and if you want to sell you need to price just a little below market. Houses are like stocks in that falling prices can bring in supply and make demand evaporate.

To: ild who wrote (21976)	7/8/2004 1:30:49 PM
From: Tradelite	Read Replies (1) \| Respond to of 306849

<<if you want to sell you need to price just a little below market>> A "below-market price" is one of the euphemisms employed way too often in real estate to avoid the real issue. If a house won't sell when listed at a particular price, it means the market price has been misidentified. The real market price is the one that makes the house sell. Buyers like to feel they're getting a "below-market price", and sellers like to think they "COULDA SHOULDA WOULDA sold at market price if only they had more time or more patience or more whatever.... so I guess that's why the phrase is used so often.