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

To: mishedlo who wrote (59113)	8/4/2006 1:31:11 PM
From: John Vosilla	Respond to of 306849

'Prices on homes are falling in many major cities in the country.' No once can now deny areas with the most overbuilding and speculative activity without any real local economy outside of housing are in the process of taking a dramatic hit. Port St Lucie back to mid 2004 prices yet? And this in what was the highest appreciating area in 2004-05. Price falls in the built out major cities will fall for much longer and at a slower pace perhaps? benengebreth.org

To: mishedlo who wrote (59113)	8/4/2006 9:27:28 PM
From: Don Earl	Read Replies (3) \| Respond to of 306849

RE: "Prices on homes are falling in many major cities in the country." So? Show me the numbers where the appraised values on the same homes are dropping year over year. Not anecdotal accounts, or isolated markets, or forced liquidation type situations, but hard numbers to support Chicken Little's theory the sky is falling. Your most likely prospect for such numbers is going to be the annual appraisals most municipalities use for property tax purposes. According to theory at least, the annual appraisal is the current fair market value of the home. Tell me a funny story. Tell me yours went down this year.