From: "George Sherwood" 

On Mon, 15 May 2006 06:01:28 -0400, Geo wrote:

> "Phil Payne" 
wrote in message
> news:44683fcd{at}w3.nls.net...
>
>> "The bond slide is exacting a toll on the US property market, where the
>> price of new homes has fallen for five consecutive months. A half-year
>> inventory of unsold houses now hangs over the market."
>
> I don't know where they get this information but house prices here haven't
> fallen, in fact they are up from last year at this time.
>

I know here in DC prices are probably going to retreat about 8-10%, but
this is after a going up about 150% in the last 6 years.  For example the
house I was living in was purchased for $200,000 in 2000 and the last ones
to sell on the block went for about $670,000.  I don't see this small
retreat as the sky is falling.  Just normal adjustments.

George

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