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

To: ChanceIs who wrote (119153)	4/29/2008 9:04:12 AM
From: Drygulch Dan	Respond to of 306849

Perhaps "18.5 million vacant homes" overstates the case. Many are seasonal or vacation homes. I think somebody estimated this to reduce the problem by about half. In the small area that I watch, most of the McMasions fall into this occasional occupied category. Current "for sale" McMansion style houses in the Carson Valley total 125. In general, they are stubbornly clinging to their inflated prices with very little traffic. Watching glaciers melt preglobal warming would seem frenetic by comparison. One or two a quarter seems to be the current rate of backlog reduction. Redistributionists need to remain patient as the herd is still fairly healthy.