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

To: KM who wrote (37496)	8/11/2005 12:34:24 AM
From: John Vosilla	Respond to of 306849

"If Texas couldn't get it up during boom times, why on earth would home prices escalate there in the aftermath of a national boom?" Tight credit and higher interest rates will make buying in bubble markets an impossibility for many. Price discrepancy between many sunbelt and western markets relative to the major Texas markets has never been greater (Houston had higher prices than Orlando, which also is not land constrained, twenty years ago while today Orlando is close to three times as expensive) Petrodollars with record oil and gas prices looking for a place to be parked like in the late 1975-1985 period. All coupled with a major slowdown in new home construction activity will put the Texas markets in greater supply/demand balance fast coming out of the next downturn.