Real Estate: Buy, Sell, Hold????

Real Estate: Buy, sell, hold?, from CNNMoney.com, reports that over the last four months, asking prices have fallen 5 percent or more in Boston, Cleveland, Los Angeles, Miami, Phoenix and Washington D.C., according to blogger Ben Engebreth's Housing Tracker Web site, which compiles weekly data on 49 cities. Across the U.S., the number of existing homes sold fell 1.7 percent in November while the supply of homes continues to tick higher. The article also states that condo crazed towns like Phoenix and Fort Lauderdale , where more than 15 percent of recently purchased homes are owned by investors, could be more vulnerable to steep declines than areas heavy with owner-occupied homes, since investors may be more likely to sell at the first whiff of trouble.

http://money.cnn.com/2006/01/19/real_estate/homestrategies_money_0602/index.htm