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Re: EarnestDD post# 272716

Saturday, 06/23/2007 2:08:01 AM

Saturday, June 23, 2007 2:08:01 AM

Post# of 311068
Guy: I would say the context of that quote has significance only in where it fell from and whether it's still at record levels over a 20 year period. Maybe the boom was so high it had to settle a bit for existing new homes to be purchased - as in over-built. And, once those homes are sold the boom kicks in again. I would hardly call a 19% drop a flat market at any rate - did it drop from 60% growth or 19% growth - big difference. Also, I don't hear if that slack was taken up by sales of pre-existing homes - happens a lot. Always half-truths with you moriarity, always half-truths. You take one headline and blow it out of proportion without checking out the rest of the real estate market? Tsk tsk