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: Elroy Jetson who wrote (63478)	10/7/2006 8:07:42 PM
From: Oblivious	Read Replies (1) \| Respond to of 306849

The cycle always comes back to norms. Asking price, Bid price. Accepted price anywhere in between those prices. Four years higher than normal. Now lower on the range.

To: Elroy Jetson who wrote (63478)	10/8/2006 2:18:58 PM
From: ChrisJP	Read Replies (1) \| Respond to of 306849

Everyone says that RE prices in DC have never declined, but I'm tellin ya they did somewhere around 1989 - 1992. Maybe over some big geographical area they didn't, but there were definitely pockets. I know cuz my general area was one of those places. There probably wasn't a house that sold for less than it was previously purchased for, but if you did comparables (meaning the 1991 selling price of a house with the same specs as a house sold in 1989). Chris