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


To: kaydee who wrote (55299)8/24/2006 3:39:12 PM
From: damainman  Read Replies (1) | Respond to of 116555
 
"What happened this year? It didn't go to $350K plus, as it hasn't appreciated in 2006, instead the price has stabilized. That is what some people call a decline/crash."

This is what some people assume to be a bottom. What evidence do we have that says this is the definitive bottom?



To: kaydee who wrote (55299)8/24/2006 3:58:39 PM
From: Incitatus  Respond to of 116555
 
It's totally different in other locations.

Massachusetts, statewide, is down 3.5% YOY for single family homes and 4.0% for condos. And it's only just begun.