Homestead mailing list

["Linda" <intuit AT teleport.com>]

Hi Lisa. Lurker Linda in Ridgefield,WA. I own one of those "worst" homes in
the best area. I bought  in 2001 for $195,000 and today it would sell for
$429,000-( my real estate appraiser daughter n law told me.)  This is a
farming community (was) and every large acreage has a for sale sign on it,
or HAS sold, and there are 250 new homes being built on the land. I have
lived here all of my life, and Iam closing in on 60 yrs. To me, watching my
area turn itself upside down, inside out, to where NO local can afford to
live here any longer... is very frightening.  For myself, I am forced
(taxes) to move 35 miles north to be able to live. (of course Iam retired
and am very lucky I can do this)  Watching all the youngsters(locals) chase
their tails trying to keep up, well, this isn't the Ridgefield I have lived
in for for all these years!   I haven't seen many foreclosers--but then I
wouldn't- I'm not in real estate. All my eyes see are homes being built left
and right while the locals are scratching their heads asking how people can
afford to buy these ridiculously expensive, and too large, homes.
----- Original Message ----- 
From: "Lisa K.V. Perry" <lisakvperry AT gmail.com>
To: <homestead AT lists.ibiblio.org>
Sent: Friday, July 21, 2006 8:24 AM
Subject: [Homestead] Informal Survey of Housing Bubble


> If you guys are interested, I propose we take an informal survey of our
list
> members (lurkers included) regarding the housing bubble in your neck of
the
> woods.  It might be interesting, what do you say?
>
> Mention where you live and/or nearest city (the bubble would  have more
> impact on the nearest city and not your off-the- beaten-path homestead),
> changes noticed from spring/summer 05 to current (increase-decrease-about
> the same or #) in # of homes for sale, whether you see prices coming down
> with "price reduced" ads or other info, and possibly how long it's taking
to
> sell the property.  Include any other relevant information if you choose.
>
> I'll go first.
>
> I live in Floyd, VA, pop. 14,000 for all of Floyd County.  We're located
35
> minutes south of Blacksburg and 45 minutes sw of Roanoke.  In Floyd, we
have
> had an increase of homes for sale (don't know the stats) and a few have
> featured "price reduced" ads in the paper--which is unheard of around
here.
> Overall, things are holding steady from last year to now.  Have noticed an
> increase in expensive homes ($300k++) for sale, but that may be a
> coincidence.
>
> Had a conversation with a Realtor friend yesterday who lives and works in
> Blacksburg.  She saw her first ever "foreclosure" sign on a $400k home in
a
> popular newer subdivision in Bburg, she said she stopped to doublecheck
the
> sign, to make sure it said what it did.  Also, in June 05 there were 45
> homes for sale in the MLS for Blacksburg (which I thought was a low #, no
> wonder many of them sold the same day) and in June 06 there were 140.
> Housing prices are still fairly steady, but houses are taking much longer
to
> sell.  Blacksburg has a pop. of 40k (which swells to 70k when VA Tech is
in
> session) and Roanoke is roughly 100k.
>
> Lisa
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