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

To: John Vosilla who wrote (51611)	4/7/2006 3:19:19 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 306849

RE:"Some beachside areas in MLS further south seem to already be at 30 months and this during the height of winter season. Imagine in six months how bad it will be?" The snowbirds are flying north, The articles adding up in the paper. The reporters on CNBC reporting. The panic may have begun. 3-6 months down the road in 'cane season...this may happen faster than people expect. The upside is there are people out there with a ton of money. Takes a while to pare that down. 20 3/2 condos across the street for sale in the MLS. Not counting the 4/2's 4/3/s etc. Normally maybe 3 for sale. Not counting FSBOs. And the Condo fees are $800 a month on top of that not counting electric, water, taxes, insurance, mortgage etc. DANG NICE PLACE TOO. Some of the larger RE brokers are starting to close offices and instruct agents how to sell in a "cyclical" market...<AVOID SAYING "DOWN">