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

To: Lizzie Tudor who wrote (41590)	9/18/2005 4:24:36 PM
From: Live2Sail	Read Replies (1) \| Respond to of 306849

see see... I knew it - I knew it... told you :) . I had been waiting for it to creep my way. It is really the rental market for homes that I see is weakening first. I think these might be sellers who decided not to sell. There are a lot of rental homes. I find it odd, because I'm sure you know it was IMPOSSIBLE to rent here all through the 90s. Even in 91-95. The rental market around here is also loosening a tad. I have no idea what this market will bring. Maybe this is just seasonal weakness too, who knows. Who knows what any market will bring? As we know, the death of this RE market has been forecasted so many times. It's quite the cat with nine lives. It looks a lot like seasonal weakness. I'm not saying things are tanking, just that I see asking prices that are less ridiculous than the prior outrageousness. I also see outrageous asks sitting around. Like back in 2000, we will have to wait and see if they are real sellers or just people who want to try to get what they can because they think that this is the top. There was lots of that in 2001.