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 [EMAIL PROTECTED]
