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

To: Snowshoe who wrote (137896)7/31/2008 8:22:46 AM
From: PoetRead Replies (1) | Respond to of 306849
 
From your good article:

The amount of time it would take to deplete the supply of homes decreased to 7.7 months from 10.2 months a year earlier, and the median price fell 38 percent to $368,250 last month, according to the Realtors.

"Decreased to 7.7 months"! The decrease in median price is positive, but a near eight month supply still seems rich to me.


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