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

To: SouthFloridaGuy who wrote (35414)7/15/2005 10:22:48 PM
From: John VosillaRead Replies (1) | Respond to of 306849
 
Are you seeing increases in high end second homes farther out on the island? I saw little in places like Garden City, Massapequa and Hicksville which I guess are pretty stable middle class areas. Also similar findings in travels through parts of Queens.



To: SouthFloridaGuy who wrote (35414)7/15/2005 10:56:33 PM
From: JerseyGirlRespond to of 306849
 
Unsold homes are becoming more conspicuous in my area (Passaic County, NJ) as well. I can think of half a dozen houses within a half mile of me that have been sitting for at least 4 to 5 months.



To: SouthFloridaGuy who wrote (35414)7/16/2005 2:19:05 AM
From: Jim McMannisRead Replies (1) | Respond to of 306849
 
RE:"Also, market stress often starts in the marginal areas, and this case is no different."

Exactly, as we return to a market where the marginal junk doesn't sell but at a big discount.


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