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

To: tejek who wrote (278780)	9/27/2010 9:58:47 AM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

'In addition, I have to believe there is pent up demand. The rate of household formation has declined markedly for the past two years as people have doubled up. I believe pent up demand is building. Eventually, when people are more confident, they will come back into the market, looking for housing to buy. I think its a mistake to paint the entire country with one brush....esp. now.' I try never to do that. Remember most of the new construction was in the formerly fast growing sunbelt markets and that is now gone for a very long time. My guess is you can see decent numbers coming out of Atlanta, Houston and Dallas metro areas much sooner than Vegas or Orlando or CA central valley but much of the country with some pent up demand were driven not by population growth but replenishing tired old existing stock.