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


To: Incitatus who wrote (60023)8/17/2006 1:30:36 AM
From: Live2SailRespond to of 306849
 
Mumpsimus . You are throwing down the glove, sir. Heck, the SI spell checker doesn't even know 'mumpsimus. '



To: Incitatus who wrote (60023)8/25/2006 2:05:10 PM
From: TradeliteRespond to of 306849
 
<<Sadly, you've confirmed that you are a mumpsimus and incapable of considering views with which you may disagree without distorting and attacking.>>

Whoo whee........been a while since I booted up SI and read this little gem. Sorry it took so long to find it and reply.

Dear Incitatus:

(1) I'm not the big distorter and attacker on this thread. You'll have to find a meaner dog than I am to blame those things on.

(2) All I know is a few lessons learned from years in real estate. Today, I notice from reading the Wall Street Journal that the WSJ Real Estate Index (one of many dubious benchmarks or indexes bandied about re: real estate) says the median price of real estate sold in my little zip code (22101) is up 4.9 percent year-to-date from a year ago.

I also notice the figures from NAR saying that housing inventory NATIONALLY is currently at a 6.5 month supply......wow.....that's approximately HALF the inventory supply around my part of the country when real estate really was in the dumps (relatively speaking), and about where it was locally in 1995, when the shortage of real estate began to appear here and prices started going up.

What do you make of all that?