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

To: John Vosilla who wrote (259679)	7/9/2010 4:24:18 PM
From: Smiling Bob	Respond to of 306849

The majority of money managers only perform as well as the market. Some fractionally better, some a little worse But when the market drops, there's blood in the streets almost all the way around. IOW, the greater majority are not doing anything more than betting on the odds that the market typically goes up, because that's the engine of the economy. Without an engine, we don't move. The ones on the edge are the ones that make it interesting. 10-20% return is boring and merely reflects a little "risk" and deviation from the norm. Where are all the money mgrs who make money thinking? Going to the extremes takes more than following the program. Working in between the spikes and troughs is the real challenge. Few can do that ie. time the market. Hence the "buy and hold" mentality which only works until it doesn't.

To: John Vosilla who wrote (259679)	7/11/2010 3:10:38 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 306849

Boston sellers cut prices Follows end to buyer’s tax break bostonherald.com There’s a silver lining for would-be home buyers who missed the April 30 deadline for the $8,000 federal tax credit: Sellers are dropping prices. The average price reduction for a single-family home or condominium in the Bay State last month was 8 percent, or $38,883 off the original asking price, according to real estate search engine Trulia.com. In Suffolk County, which includes the cities of Boston, Chelsea, Revere and Winthrop, the price reduction was $43,288, or 7 percent off the listing price. “Sellers are realizing there’s no artificial stimulus to help the market, so they’re lowering prices,” said Rick Healey, broker-owner at Foster-Healey Real Estate in Fitchburg. “The demise of the tax credit has brought a sense of reality to pricing.” Bill Wendel, owner of the Real Estate Cafe, a buyer’s broker in Cambridge, said he has seen more buyers emerge in the wake of the tax credit’s demise.