[69ConvertibleFirebird]

This trend will reverse when the inevitable rise in interest rates begins.

They'll tear the houses down and start making trees out of them?

(Yes, of course things go in cycles. We've been in a real estate boom for about 3 years now. Funny how it conter balances the stock market)

[warchild9]

We're seeing the trend reverse here in Central NC. Too many people have lost their jobs, and now houses which went for $200,000 are lingering on the market at $175,000 or so. My neighborhood is still selling hot, but I worry. And an agent friend of mine says the commercial market is moribund.