Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Lizzie Tudor who wrote (48930)	2/22/2006 3:38:57 PM
From: Tradelite	Respond to of 306849

RE market appears to be slower than the fast-lane of past few years, but generally OK, from what I'm seeing in my own zip code, with some really cruddy stuff (spec houses built by small builders selling for $1.5 million in the middle of winter). Nothing left for sale in my neighborhood. Spring is coming. Buyers will find more inventory and have a better time of it. Sellers will probably do OK if they don't get flaky in their pricing and have realistic expectations. The gurus who study economic growth in this region predict continued job growth. That means more people, usually. By the way, I think it's amusing that the "experts" think homebuilders will overbuild. Builders need at least a small supply of already-built houses to sell to the newcomers who land in town and want a new house. I was always grateful to find an already-built house to sell to a buyer who wanted one in a community that was already mostly finished. My son and his fiancee recently bought a newly-built house in the suburbs of Atlanta which had a contract before that fell thru. First buyers paid upfront for a bunch of upgrades that my son got at a discount. In at least some areas of the country, buyers exist to pick up the debris left behind by the less fortunate. <<gg>>