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

To: neolib who wrote (130967)	6/27/2008 12:57:15 PM
From: Jim McMannis	Respond to of 306849

Bargain hunters boost home sales Falling prices are pulling more buyers in, but it's too soon to tell whether the market is turning. miamiherald.com Christopher Vane sells foreclosures on Miami Beach. A unit in the Roney Plaza last sold for $460,000 was recently listed for $165,000, sparking a bidding war.South Florida's long-dormant housing market showed further signs of life in May: Home sales picked up from April, the third consecutive monthly increase. Miami-Dade County posted small price increases in condos and single-family houses, while prices in Broward remained essentially flat. Real estate professionals, ever hopeful, pointed to the month-to-month improvements as evidence the market is feeling for a bottom -- with some saying interest from investors in dirt-cheap foreclosures is restoring boom-like excitement to certain parts of town. ''The number of closings we had in [2006 and 2007] we did the same amount in May,'' said Jay Phillip Parker, a title attorney and owner of Miami Beach-based Clear Title Group. ``I've seen an increase in sales and much more momentum, more vigorous negotiations.''

To: neolib who wrote (130967)	6/27/2008 1:14:01 PM
From: patron_anejo_por_favor	Read Replies (5) \| Respond to of 306849

It IS different. Even if we started building and drilling now, we're still facing steady depletion until that comes on line. It's part of the solution (not the entire solution as Shawn Hannity seems to think). My view is that the scope of the problem overall is too big to ignore any of the supply components. Especially since there is no ready substitute for diesel in certain heavy industries that are "mission critical", particularly farming. If you really wanna get to brass tacks with resources and our children, start addressing world overpopulation. If that's not gonna get solved, we'll have a huge die off in any event and whether we drilled ANWR or not will be almost a comic sideshow by comparison. I never here a peep about that from the Greens (and certainly not from the cons either). It's the ultimate 3rd rail...... Put another way, if we had acted sooner to develop alternatives, we'd still have the luxury of holding back ANWR and the OCS. I believe we've forfeited those options by sleepwalking too long.