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

To: Les H who wrote (25864)	12/11/2004 8:13:38 PM
From: Les H	Respond to of 306849

US Housing Data are in touch with unreality IT might come as a big surprise to anyone who bought a house in 2004 that prices were up just 2.7 percent from the year before. In fact, you might be downright stunned by that number especially since Fannie Mae — the largest mortgage lender in the country — recently reported that home prices were nearly 13 percent higher in that same period. Just 2.7 percent, or 13 percent? This isn't, as the mathematicians say, just a rounding error. nypost.com >>>If one includes the major metropolitan areas, then the housing >>>inflation figure would probably approach the high teens >>>or low twenties.