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

To: John Vosilla who wrote (74313)	11/18/2006 12:46:04 PM
From: ild	Read Replies (1) \| Respond to of 110194

<<<Biggest discount was one from $690k in mid 2005 resold for just $400k.>>> And what does official statistics show for county-wide resale prices? This site doesn't have Naples but for Orlando shows a very modest decline of 7% in the past 6 months. housingtracker.net Yes, as CR said RE prices are sticky, but I'd expect a swift 20% adjustment in the areas which had large percentage of new homes sold to flippers. And then a slow rot.