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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (69280)	9/2/2006 12:12:08 PM
From: dpl	Read Replies (1) \| Respond to of 110194

What you had in Phoenix was a house getting multiple bids within hours of listing.Inventory could not build because demand(bubble demand) was so high. RE at a top seems to go in these steps. 1.inventory starts to rise from a very low point. 2.sales decline with inventory rising. 3.then prices start to drop. 4.in a true bubble when prices drop "too much" it pops which leads to. 5.prices plunging.In this last stage we may see sales increase not drop.Then again the pop means that bubble demand vanishes.That's the whole point.