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

To: DebtBomb who wrote (181349)	2/3/2009 10:22:55 AM
From: John Chen	Respond to of 306849

"U.S. Dec. pending home sales up 6.3%, realtors say" You don't get to go from $1M to $200K in a day in RE. It's a long and torturing process. The gov is engineering a softer-landing, so sporatic resistance of the price-normalization process sneak in from time to time. ( what 'the realtor says' about the price?) History was never kind to excess in RE. The punishment phase is traditionally long. Recent strategy of Obama's cabinet does not give any evidence of change, yet.