Real Estate Pricing

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Deleted member 10829

Guest
I sure hope they are right, but I just don't buy it! There is no way people are going to make the same mistakes of just a few years ago, and that's the only way prices will rebound that fast.
 
W

whitedust

Well-known member
mspease said:
I sure hope they are right, but I just don't buy it! There is no way people are going to make the same mistakes of just a few years ago, and that's the only way prices will rebound that fast.
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X2...I just laughed when I read this no way banks going to loan money on homes in a vertical increase during a short period of time. We will be lucky to see 1-2% increase a year when & if the market bottoms & turns. I just had to post this see what others think?
 
E

ezra

Well-known member
I can tell u in my metro area if U are doing a flip U have to be at a point under 180k sold or it will sit
1st time homes only ones flying of the shelf.
the 150k homes even in the hood go real fast.
way way to many 200k and up homes to pick from
 
S

sixball

New member
YA!!!!!!!!!!!!! Even if it goes up 5% a year its going to take more time for my home to recover from what it was worth.
 
H

highhertel

Member
A realtor I know in Orlando FL area says there are over 10,000 foreclosed homes in the area, but construction is booming. Reason is banks are not being forced to sell foreclosed homes, so they sit on them and lend out $$ for new construction. Wait until all these foreclosed homes hit the market.

Remember, it is election time. Games will be played to make macro economic numbers look better.

HH
 
Y

yamaholic

Member
Sales and price have improved over last year in my county (Hillsdale) some, we don't have a lot of high dollar homes only on the lakes.
Jan-Sept 2012 Jan-Sept 2011
Units sold
266 - 192
Average sale price
$82,012 - $74,057
Total sales dollar volume
$19,354,873 - $14,218,899

A few more sales at little higher price.
 
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A

anonomoose

New member
yamaholic said:
Sales and price have improved over last year in my county (Hillsdale) some, we don't have a lot of high dollar homes only on the lakes.
Jan-Sept 2012 Jan-Sept 2011
Units sold
266 - 192
Average sale price
$82,012 - $74,057
Total sales dollar volume
$19,354,873 - $14,218,899

A few more sales at little higher price.
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Holy smokes....those are some cheap housing prices. All thousand foot cracker boxes? From the numbers I follow, the first time homes are moving but as already stated anything over $200k are laying around on the market....taking a hit from the pile of foreclosures still stacked deeper than cord wood.


The real upward movement won't happen until the foreclosures fall off the map.....they drag the market in a serious way.
 
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