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

To: J. P. who wrote (58751)	8/1/2006 5:55:12 PM
From: Beachside Bill	Respond to of 306849

Sale prices made new highs last month... they are dicounted yet housing prices haven't fallen.

To: J. P. who wrote (58751)	8/1/2006 5:55:32 PM
From: Beachside Bill	Read Replies (1) \| Respond to of 306849

Sale prices made new highs last month... they are discounted yet housing prices haven't fallen.

To: J. P. who wrote (58751)	8/2/2006 1:46:21 AM
From: John Vosilla	Respond to of 306849

'But I'll bet the small time home builders and speculators may not fare so well.' Going to be a living hell for anyone competing with the big builders the next 12-24 months and it goes way beyond the current crop of speculators and local builders needing to move inventory. Lots of folks who bought in 2004-05 are going to be upside down on ARM's resetting and they'll find all the equity they thought they had a year ago is now gone and their monthly payment has gone up 30-50% on top of that while that brand new Ryland or Horton home in the newest sub down the block is selling at an effective price below their mortgage balance.