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

To: RockyBalboa who wrote (85346)	8/15/2007 10:01:51 AM
From: GraceZ	Respond to of 306849

Pretty funny. I had to really brace myself to look at data which shows that his 20 city index which was 100 in 2000 is now hovering around 200 after rising as high as 206 in 2006. Oh the horror that existing home prices aren't still rising and are now correcting, how will we feed the kids? You always know someone is going to show you underwhelming data when they switch to rate of change charts as opposed to using the underlying trend. Yawn. Wake me up when houses have all retreated 20%-30% or so. His data makes me happy about my sells in the last four years but it sure doesn't make me want to go looking for new RE investments.