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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (54185)	8/2/2006 11:42:47 AM
From: valueminded	Respond to of 116555

Mish/All: Lets look at economics. What do the "dollar value" sales figure comparisons look like ? (not just the number of homes) ie I am sure prices are a lot higher then they were in 1995 so it would seem that the "constant dollar" values of such transactions are nowhere near a low point yet.

To: mishedlo who wrote (54185)	8/2/2006 12:06:28 PM
From: ChrisJP	Read Replies (1) \| Respond to of 116555

"[T]he number of homes sold is lower than at any time in 11 years," said Timothy M. Warren Jr., CEO of The Warren Group. "That slowdown, though, is a market correction, leading to a soft landing and not a plummet in prices." So basically he's saying that the last time things were this bad is when we were beginning to recover from the 1991 real estate crash ? Yet he refuses to let simple logic and deductive reasoning guide him ? lol Chris