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


To: John Vosilla who wrote (84768)8/11/2007 11:35:04 PM
From: Jim McMannisRespond to of 306849
 
I've never seen anything like this since I've been in RE. The only thing that comes close is the 2000 dot com bubble.
The idea that RE is a great investment will take years to unwind. 25% off the top of a 2005 price is no deal.
Especially when you consider what's happened to Fla..



To: John Vosilla who wrote (84768)8/11/2007 11:47:57 PM
From: CalculatedRiskRead Replies (2) | Respond to of 306849
 
My guess is it will be a couple of more years before people seriously start hating real estate again.

In the '90s, I think the hate was the strongest in the '94-'96 period in California. Foreclosures peaked in '96.

In the '80s, the "hate" period probably started in '82 or '83 and ended around '85.

Since RE sales peaked in '05, and prices in '06 (in the bubble areas), I'd guess the hate will really build in '09 or so.