Salamonie Lake Topics: Real estate prices rise? Nope, they're gonna fall.
(Salamonie Lake Specific)
1 messages
Updated 6/6/2011 8:42:34 AM
Lakes Online Forum
83,966 messages
Updated 9/19/2024 7:23:24 PM
Lakes Online Forum
5,204 messages
Updated 9/14/2024 10:10:50 AM
(Salamonie Lake Specific)
0 messages
Updated
Lakes Online Forum
4,172 messages
Updated 9/9/2024 5:04:44 PM
Lakes Online Forum
4,261 messages
Updated 5/28/2024 6:31:10 AM
Lakes Online Forum
2,979 messages
Updated 6/26/2024 5:03:03 AM
Lakes Online Forum
98 messages
Updated 4/15/2024 1:00:58 AM
|
|
|
|
Name:
|
solvacc
-
|
Subject:
|
Real estate prices rise? Nope, they're gonna fall.
|
Date:
|
3/19/2010 2:06:02 PM
|
|
I know most homeowner's don't want to hear it, but I don't think prices have stabilized yet. I think last years distressed sales have artificially made volumes look like they are on the way up. In contrast, every single person in the biz that I have spoken to has given a glum outlook for the year based on evidence that rentals & sales are very slow.
Don't get me wrong, John makes a great point in comparing sale volumes/prices and concludes the market has reset to 2005. However, a couple of things should be remembered. In 05, unemployment was 1/2 what it is now, flexible loans and lending practices were in effect, and, the beach communities were recovering from hurricanes. Today, from a sellers perspective, there is more competition to lure a scarcer number of buyers to the lake. Just my humble opinion.
|
|