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Real Estate
Reply to "I think the bubble is popping."
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[quote=Anonymous][quote=Anonymous]It’s been a little while since the last post. How are folks feeling now?[/quote] I'm seeing a lot of inventory in the neighborhood where we have been looking. Houses in the $550-$600k range that are selling are not going much over asking, maybe $10-15k. A lot are kind of blah on the outside - old small ramblers - but with updated kitchens and bathrooms. There are definitely a couple of small but very cute houses that have gone 10% plus over asking and were not priced low to start with. We just had an offer accepted that we were sure would go to escalation and did not, though there were other ooffers. It's hard to tell how much the price drops/houses not selling is because the properties themselves are being priced too high for what they are or because demand/prices are actually going down.[/quote]
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