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

To: patron_anejo_por_favor who wrote (84614)	8/11/2007 10:12:59 AM
From: GraceZ	Read Replies (1) \| Respond to of 306849

Why bother? In a year or so no homes will be selling for higher than the current threshold anyway!<G> So I take it you think the entire CA RE market (and large swaths of the East Coast) is about to get marked to market! Went to dinner last night with a couple who told me a RE story from Nantucket. They have a friend selling their second home there to buy one closer to NYC where they live. My friends asked, in view of the current turmoil, if the market for homes up there was holding. The reply was that the "mid range", where their house would sell, was still selling quite well but the upper end was sitting on the market. The punch line is that "mid range" is 3-6 million.