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

To: Crimson Ghost who wrote (41618)	9/19/2005 10:40:16 AM
From: John Vosilla	Respond to of 306849

"Even Hurricane Katrina may play a role; by diverting huge amounts of construction material to New Orleans and the Gulf Coast, it could drive up the costs of new homes across the country. My sense, though, is that home prices appear determined to fall, at least where they are most inflated" Sounds more like a major collapse in land prices in bubble markets come first along with speculative second home and condo markets. Primary single family home areas with good local economies won't crash anytime soon without a major backup in long rates or elimination of teaser rate ARM programs..