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 Strategies & Market Trends : The Residential Real Estate Crash Index

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To: redfish who wrote (36370)7/27/2005 11:08:12 AM
From: redfishRead Replies (3) of 306800
 
With the median price of a new home dropping 5.5% in a single month I think one has to question the wisdom of the view that low-end homebuilders will get hit before high-end homebuilders get hit (based on the view that the purchasers of high-end homes aren't particularly concerned with money).

It is of course only one month's data and therefore not terribly meaningful, but I doubt it is the $125k homes that are dropping the median in price, as compared to the $650k homes .. the $125k homes would have to drop a great deal more % wise to effect the median by that much.
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