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

To: John Vosilla who wrote (27425)	2/23/2005 2:48:09 PM
From: redfish	Read Replies (1) \| Respond to of 306849

No I don't travel much ... I try to avoid crossing our state boundaries if possible. I think FL will come out of the boom okay, the state has a long history of land booms and busts. My folks recently got offered $9,000 an acre for some agricultural land near Clewiston. I don't think people are even looking at properties before pulling the trigger.

To: John Vosilla who wrote (27425)	2/23/2005 3:13:37 PM
From: Dale Baker	Respond to of 306849

Prices in Dallas haven't moved up much - I visit there a couple of times a year (family ties) and keep an eye on the housing prices. The big builders do huge developments with dozens or hundreds of houses at a time, which keeps supply much higher than the Florida markets that I know (mostly Citrus County, a sleepy area compared to points south). Dallas has grown incredibly the last 10 years (after a big growth spurt from 1965-1985). Housing prices, however, haven't moved that much beyond inflation and income growth. An existing 4BR in a nice development that sold for $225,000 in 1991 would go for maybe $320,000 now, to use one case I know specifically. The same house in a bubble market would be $700-800K or more.