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

To: CalculatedRisk who wrote (39081)	8/25/2005 10:38:39 PM
From: Doughboy	Read Replies (2) \| Respond to of 306849

While it is an interesting observation by Norris, I doubt it is possible. If you look at the Case/Shiller/Weiss data on housing bubbles it has never been the case that housing prices have declined while volume has remained high. I doubt it is possible, since I surmise that with a bubble burst, the buy-side and sell-side would be equally damaged (by high interest rates, recession). Sellers who are forced out of their properties won't find anyone to buy, even at the lower price, because rates are too high or incomes are declining. Volume of sales would have to decline. The better signal is the number of foreclosures and workouts soar, since that would be a sign of both a buyer boycott and a seller forced out by an inability to service the loan. Just a guess. Doughboy.