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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 (26327)	12/29/2004 4:22:39 PM
From: JBTFD	Respond to of 306849

I guess maybe we should consider it a blessing that they still release the unadjusted numbers, unlike cpi and it's constituents. Thanks.

To: Elroy Jetson who wrote (26327)	12/29/2004 6:46:22 PM
From: Les H	Read Replies (1) \| Respond to of 306849

If the current housing market is predicated on more loans to marginal borrowers and on speculative buying, you should expect to see more turnover in used homes. 1 out of 6 homes bought without downpayments have to be resold at a loss. With all the trolls looking for "ugly" houses, it should come as no surprise. They often flip within 30-60 days of purchase. It should be evident in the average age of the homes being sold.

To: Elroy Jetson who wrote (26327)	12/30/2004 4:50:15 PM
From: Kailash	Read Replies (1) \| Respond to of 306849

What will the consequences be of Fanny Mae's accounting slap on the wrist? insightmag.com "To illustrate Wall Street's irrationality, when the Chief Executive of Fannie Mae, Franklin Raines, was forced to resign last week as a result of the $9 billion accounting errors/frauds at that company, the stock went up in spite of the fact that the fraud had wiped out nearly a third of Fannie Mae's capital and will force it to sell more than $300 billion of mortgage backed securities in order to return within its already inadequate mandatory capital ratios. There is NO chance that this scandal is good news for Fannie Mae, or for the housing market in general, propped up as it has been by excessively low interest rates and a New Deal-designed home lending system that makes no economic sense." Is this correct? K