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homestead - Re: [Homestead] I guess I am committed or should be.

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  • From: Clansgian AT wmconnect.com
  • To: homestead AT lists.ibiblio.org
  • Subject: Re: [Homestead] I guess I am committed or should be.
  • Date: Sun, 11 Apr 2010 06:36:02 EDT


> >Prices were all over the place.

One reason that (asking) prices are all over the place is that a good many
people are still living in 2005. Around here a LOT of real estate is for
sale. Many sellers have ridiculously high prices and the signs on those
houses and parcels are nearly bleached out in the sun they've stood there so
long. They think it is still six or seven years ago, or else they have some
notion that the old real estate market is somehow going to come back, that
this
is just a temporary downturn rather than a paradigm shift.

In my hollow and surrounding there has been a flurry of real estate
transactions this spring. When I am told the price, my jaw drops. It is a
small
fraction of what the places were being offered for a few years ago. Half, and
sometimes a third.

There's a big difference now in what prices are on real estate and what it
is actually selling for.</HTML>




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