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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 (88488)	9/7/2007 10:32:23 PM
From: Maurice H. Norcott	Read Replies (1) \| Respond to of 306849

" Already a severe hard crash in some parts of the country. " Sacramento/Folsom is being hit hard but no one sent a memo to the banks so they are asking full price for foreclosures which are rapidly going into disrepair over the last eight months. Sellers didn't get the memo either as they refuse to lower prices. Buyers got the memo however and refuse to bid full price. The local media is full of stories about the bubble bursting but it sure isn't getting through to people. The market is at a Stalemate until whatever event is needed comes along to start pushing prices down. I think it has surprised some people who had expected bargains by this year end.