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


To: Travis_Bickle who wrote (124969)5/23/2008 10:03:19 AM
From: Think4YourselfRead Replies (2) | Respond to of 306849
 
I thought I heard prices dropped SIXTEEN percent in the west. That's quite an anti-wealth effect.



To: Travis_Bickle who wrote (124969)5/23/2008 10:03:30 AM
From: Jim McMannisRespond to of 306849
 
Structural cracks
LONDON AND MADRID

economist.com

Trouble ahead for global house prices

OUR round-up of house-price indicators (see table) suggests that any crash is far from universal. Only five countries have suffered annual house-price falls in the latest data and two of those—Japan and Germany—have been in the doldrums for a decade.



To: Travis_Bickle who wrote (124969)5/23/2008 10:04:54 AM
From: Jim McMannisRead Replies (1) | Respond to of 306849
 
Recent hiccups in prices are not a sign of recovery

signonsandiego.com

Nearly 50 San Diego County dwellings per day were lost to foreclosure in April, as the tally of mortgage failures rose 169 percent above last year, DataQuick Information Systems reported yesterday.
Buckling under the weight of risky adjustable-rate loans, many borrowers are giving up on ever bringing their debt current