INDYMAC PROJECTIONS

November 6th, 2007

In Indymac Bancorp's third quarter review, they included a graph showing projections for the national housing prices. Read this chart carefully, it measures the rate of change in prices, not absolute price changes. So it shows that the worst price declines are yet to come and prices won't begin to rebound until 2009. What does this mean for Maui prices? Not much except in the mindset buyers bring to the market.

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