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


To: Travis_Bickle who wrote (54868)5/25/2006 10:01:18 AM
From: Think4YourselfRead Replies (1) | Respond to of 306849
 
Existing home sales down 2% to 6.76 mil vs 6.75 mil expected

Inv up another 5.8%

Median price up 4.2% to 223K

Can anyone provide a scenario where prices don't fall as inventory keeps climbing?

It appears builders are incentivizing heavily to unload new inventory at the expense of existing homes. Will a lot of people be stuck with a new home but unable to sell their existing home at a price they can live with?