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January 2008, Week 3

HP3000-L@RAVEN.UTC.EDU
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Subject:
Re: OT: Economy
From:
Duane Percox <[log in to unmask]>
Reply To:
Duane Percox <[log in to unmask]>
Date:
Wed, 16 Jan 2008 13:05:42 -0800
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Joe writes:

>Actually, housing was stagnent in the 90's from about 1995 through 
>1999 and did not take off until after 2001 Sept when 
>Greenspan dropped rates to 1 -2 % and lenders were giving 
>money away at 4.5%

In CA the housing market was trashed in '89 and stagnated until
about '96 when it started to perk back up. There was good activity
in CA housing with interest rates in the 6.5-8% rate since those
are still historically low rates.

In CA the lower rates Joe references spurred the hyper-appreciation
that has been reset to more reasonable levels by the recent downturn.

duane

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