Wednesday, August 24, 2005

Peak Real Estate

From The NY Times

snip...

["We could very much be close to the peak at this time," said Lynn Reaser, chief economist at Bank of America's capital markets group.

"There are signs that investors are becoming a little more cautious about the housing market," she added. "Sellers of the higher-price homes are not getting their asking prices, and there is a buildup of inventories."]

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