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

To: CalculatedRisk who wrote (60556)	8/23/2006 3:17:08 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 306849

I still think the vast majority are clueless about the direction of housing/economy.

To: CalculatedRisk who wrote (60556)	8/23/2006 4:25:13 PM
From: KyrosL	Read Replies (3) \| Respond to of 306849

I know it's just an anecdote, but a WSJ article today describes how this woman ended up selling her house in the Washington suburbs for $530,000, after initially asking $1.1 million last fall. online.wsj.com The conventional wisdom says house prices will move slowly, but the bubble broke all records on the upside, so why not also break them on the downside? One of the differences this time is the extraordinary availability of home pricing data to the average homeowner. Also, the home as an ATM is new and pervasive. I think both of these will speed up home price discovery this time around.