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[PEN-L:33256] Re: Re: Re: RE: Re: How Much Housing Credit Is Too Much?



The WSJ has been having pieces about the incentives sellers of high end
houses are having to give.  One of the best indicators of an impending
bubble burst would be the length of time required for sell a house.
During the high bubble in San Francsico, houses would sell at a premium as
soon as they were listed.  I don't think anything like that is happening
now.

So even if prices are holding, you can have considerable weakness in the
market.

 --
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael@xxxxxxxxxxxxxxxxx




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