Re: Are Home Prices Stabilizing in Your Area?

Kalli · ‎03-11-2010

@proudlyfromNJ wrote:
We keep getting cards with a picture of our house and saying name a price and if we agree we'll give you cash as is. Of course they will not be handing over millions for our home but we never have been inundated with these cards before. Usually it's just some add from a realtor asking if you want to sell. This is in southern NY state.

@proudlyfromNJ we get cards, too! The thing I don't like is now people are starting to text me. They never leave their name, just say that they're interested in buying properties. I can hear my dad, whose career involved dealing with the public, advising that with any interaction, "always introduce yourself first!" The cards sometimes only have first name signed. The texts never have any id whatsoever.

I immediately delete texts and only save cards that have complete signatures on them. Not ready to sell and may never be, but I do file away the correspondence that's signed with full name.

Dory19 · ‎11-11-2020

i so agree. i live in New York, on LOng Island and i have heard of houses going for over $30,000 over the asking price. people are having bidding wars.

patbz · ‎03-10-2010

In N.E. Arizona ( mountain resort) prices are still rising. Three of my neighbors put their homes on the market last month and all three sold within a week. One of those neighbors bought their home 9 months ago for $220,000 and sold it for $440,000.

decaf · ‎05-13-2021

I live in S Florida. A house near me was listed about 4 months ago for $749K and it sold for $860K. No one moved in and now it's listed for 1.2M. This type of bubble is unsustainable unless people with tons of $$ just keep moving here from NY and other states. Average Floridians can't afford to buy or rent here.

Kalli · ‎03-11-2010

@patbz wrote:
In N.E. Arizona ( mountain resort) prices are still rising. Three of my neighbors put their homes on the market last month and all three sold within a week. One of those neighbors bought their home 9 months ago for $220,000 and sold it for $440,000.

@patbz Wow! That's amazing!

Brisky · ‎12-09-2018

I live in Western Colorado. Prices are still rising so high it's crazy....

icezeus · ‎10-30-2010

I live in Southern California, and the housing pricing is not stabilizing. There are bidding wars, all cash offers being made and so on.

I too am very annoyed by the cards and texts to purchase my home. No Thank You! I am fine in my home and I have no plans on moving.

I personally think the prices are not sustainable. When the market comes down, I will still be in my house with my affordable mortgage, while all of these people who have paid outlandish amounts for tract homes, will not be able to stay in those homes with the outrageous payment.

ValuSkr · ‎03-15-2014

I think so. But how would I know - I'm not in the market.

quadmimi · ‎12-27-2010

@patbz wrote:
In N.E. Arizona ( mountain resort) prices are still rising. Three of my neighbors put their homes on the market last month and all three sold within a week. One of those neighbors bought their home 9 months ago for $220,000 and sold it for $440,000.

@patbz

Queen Creek Az, here, it's awful! If you don't have cash forget it...The regular Az, folks can't afford it anymore...All out of state folks moving in doesn't even seem like Az to me anymore.

kittykatkay · ‎02-25-2011

@icezeus wrote:
I live in Southern California, and the housing pricing is not stabilizing. There are bidding wars, all cash offers being made and so on.

I too am very annoyed by the cards and texts to purchase my home. No Thank You! I am fine in my home and I have no plans on moving.

I personally think the prices are not sustainable. When the market comes down, I will still be in my house with my affordable mortgage, while all of these people who have paid outlandish amounts for tract homes, will not be able to stay in those homes with the outrageous payment.

B I N G O !!!