Hello,
Significant at this time would in general refer to the higher valued properties. Of which there are still good sales occurring in number and value.
The slow down is in overpriced units buoyed by the sharp increase in the past few years of a booming market.
That coupled with mass construction of units in the 350 to 1 M range has exceeded demand anyway. Prices will adjust , settle and then continue. I doubt there will be many people who actually lose money.
significant
Anonymous (not verified) | Tue, 2008-02-26 17:15
Hello,
Significant at this time would in general refer to the higher valued properties. Of which there are still good sales occurring in number and value.
The slow down is in overpriced units buoyed by the sharp increase in the past few years of a booming market.
That coupled with mass construction of units in the 350 to 1 M range has exceeded demand anyway. Prices will adjust , settle and then continue. I doubt there will be many people who actually lose money.
»