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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 (49892)3/9/2006 1:02:30 PM
From: John VosillaRead Replies (2) | Respond to of 306849
 
"I am so used to the stock market. Its like watching the dotcom crash in super slomo or something"

You just aren't in a new second home or high end condo market loaded with speculators and overbuilding. Much closer to cracking.

It could be real bad if the existing owner occupied single family areas don't get supported real soon with buying. How's that gonna work out if homes went up 50% in 2004-05 but go down 20% in the first half of 2006? A nightmare for comps, support appraisals and underwriting could feed on itself. Or flat markets in the rust belt also down a similar percentage? How is the NAR or Lereach gonna spin that one?<g>



To: Lizzie Tudor who wrote (49892)3/9/2006 3:10:15 PM
From: Live2SailRead Replies (1) | Respond to of 306849
 
I just looked through the mlslistings.com for a few towns. The theme I see is 'compression.' The high end has come down, and the low end has come up. Not too many out there for 4+M, lots in the 1M. Mtn. View is astoundingly high, even in crummy elementary school districts. Redwood City also not the cheap enclave it used to be. Someone is stupid -- besides me, that is.


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