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

To: zebra4o1 who wrote (73692)	3/12/2007 7:51:01 PM
From: Jim McMannis	Respond to of 306849

I hope they are right. But overblown for whoom?

To: zebra4o1 who wrote (73692)	3/12/2007 8:41:18 PM
From: patron_anejo_por_favor	Read Replies (3) \| Respond to of 306849

What Bob "Mr. Clean" Frohlich fails to appreciate is if 1,000,000 homeowners get "put out on the street", there are another million unsold homes as excess supply, and 1,000,000 former home "consumers" who are out of the market. That's a year's supply of each in a normal year. The current inventory of homes is around 6-7 months nationwide, so yes, it's a humongous deal (and that's even if the credit woes don't affect prime home borrowers, which is and will continue to happen).