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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (64931)	6/30/2006 8:32:34 AM
From: Ramsey Su	Read Replies (2) \| Respond to of 110194

Closings are about 30-35% below last year's levels. Employment and quality of employment will determine the fate of real estate, San Diego is no exception. Secondly, the number of "must sells" will determine if the prices will come down, and how fast. A friend of mine just told me his experience this week. He is a specialty finance guy who, though licensed, seldom venture into the house selling business. He was doing a favor for a friend who are just looking for an entry level home. So he found seven suitable properties in Clairemont, a hohum but very centrally located neighborhood of San Diego. 6 of the 7 properties are vacant. How many months would it take for these vacant properties to become "must sells"?