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

To: bozwood who wrote (24178)9/29/2004 4:55:49 PM
From: Elroy JetsonRead Replies (1) | Respond to of 306849
 
Home prices in California which have increased greater than the incomes to pay for homes will decline back to the growth trend for income. Everyone at RERC knows this.

So the size of the decline in each area depends on the previous appreciation. Looking at areas I know this means a decline of 35% to 55%.



To: bozwood who wrote (24178)9/29/2004 5:11:07 PM
From: JillRespond to of 306849
 
He might be a little prejudiced tho, as he's a foreclosure expert...but otoh, maybe that means he knows what he's talking about.


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