Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Lizzie Tudor who wrote (59682)	8/10/2006 4:06:28 PM
From: Beachside Bill	Read Replies (1) \| Respond to of 306849

Can't help it... love teasing Lizzie... that news, sell it and become a member of the heard. Baa...Baaa....Baaaaaaaaaa

To: Lizzie Tudor who wrote (59682)	8/10/2006 6:39:11 PM
From: Elroy Jetson	Respond to of 306849

I had thought the peak in California real estate prices might have been July 2005. This will all become clear in another year or so when the Real Estate Research Council releases their "same home" price index for both Northern and Southern California. They show the peak price in the previous real estate bubble was October 1989. Most people didn't notice anything until the following Spring. RERC has always been very meticulous. They occasionally release som figures in a press release, but otherwise, it costs $650 per year to have access to their appraisal data. what do you think of this? This is from Doug Kass's column. As I mentioned previously, the statistical peak in housing (measured by new-home sales) was October 2005, only nine months ago (and with a unit drop in new-home sales since the peak of less than 20%). By contrast, the average postwar cyclical downturn for housing has been between 26 to 52 months, and in units, has averaged a 51% drop.