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

To: neolib who wrote (127815)	6/7/2008 5:44:19 PM
From: gpowell	Respond to of 306849

Asian money, mostly from HK, did a lot to firm up BA real estate in the mid 90's. Bottom line - all else being equal, the % of speculative activity is a good inverse indicator on whether prices are going to hold up. Lizzie is correct in saying that some zipcodes have remained firm but overall the degree of speculative activity is pretty high, right now, in the Bay Area. Combine that with other market conditions, no real wage gains, non-durable goods prices rising at a high rate, FED biased towards tightening, house prices seem to be poised for further declines. And yes that includes the (overall) Bay Area.