They predicted a crash, but it may just be a slow leak, or even the fabled soft landing. Anybody buy/sell lately? Trying to sell? How's it lookin'?
They predicted a crash, but it may just be a slow leak, or even the fabled soft landing. Anybody buy/sell lately? Trying to sell? How's it lookin'?
Quote:
Originally Posted by Benny Profane
Buyers market here in CLT for most areas. New home sales are still strong but resales are week in most areas. Avg days on market is around 180
foreclosures ar waaaaay up.
last month sold mine in a week, and bought one the same week, closing in june....i had good luck, was selling a well built ranch amongst older 2 stories - 1 floor living was the sell.
Slower than it should be for this time of year... Higher interestrates are pushing the spring buying spree back.
a slow leak 30 minutes north of nyc...
long island / north jersey is probably the same.
prices are crazy. I don't know how people afford it..
No slow down here, but the condo market is getting hotter.
In greater Boston, seems like prices have slowed down - but still super expensive. Looks like places are sitting on the market for longer periods too.
In my part of Southern CO, things have cooled off. New home builds are still strong, but it seems to be a neighborhood to neighborhood thing as far a sales go.
Colorado has the second or third highest forclosure rate in the nation. I attended a mortgage fraud seminar back in November, and the Feds are all over our ass....appraisers cranking values, preditory lending practices by mortgage brokers, kinky RE brokers. Its quite a cluster out here...
I don't really know what's going on around now in Boulder (bought 10 months ago), but according to www.zillow.com my house is worth ~$35k more than I bought it for!
Quote:
Originally Posted by mrryde
Man I wish I still lived in Charlotte. I just bought a house outside of Denver/Boulder... I could have gotten twice the house back in the CLT.
Salt Lake City (the valley overall, really) is up. Some zip codes up 33% in the last quarter alone. Most up 25% over last year at this time. We had historically undervalued home prices for a couple decades compared to many "big" cities in the west (Denver, Sacto, Seattle, etc) and are just catching up. Median home price in the SL valley is still just over 200K.
Market is racing upwards here due to shortage of available homes (i.e. the price increase is actually real here. Interesting stuff. I bought my house (3 bedroom 1500 sq ft, 1986 vintage) for 93,000 or so feb 2005, and two identical houses sold last month, on my street, with smaller lots, for 110 and 113.
Not bad for rural northern nevada.
Things are going insane in Calgary....a house a third of a block away from me sold last August for $200 ish, and is now listed for $330. The sacry thing is that it will sell for pretty close to that amount. These houses aren't anything special...these are under 1400 ft2 starter homes. Prices only go up from there.
In 2005 there were more $1MM homes sold in and around Calgary than there were during the entire 1990's.
Quote:
Originally Posted by Lloyd Christmas
DPPS. I hope.