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


To: CalculatedRisk who wrote (33139)6/11/2005 2:31:14 PM
From: mishedloRespond to of 306849
 
More talk of a permanently high plateau

Lyon concludes the market is heading for a "soft landing," meaning no crash with plummeting prices.

"Buyers are gasping for air - they don't have enough buying power to come up to what people are asking," Lyon said.

He predicts the region won't see much more, if any, home price appreciation for the rest of the year, except for homes under $300,000, for which demand remains robust, and for exceptional homes of any price.