[90sman]

The housing market does seem to have recovered some in the past year in terms of house sales. But housing prices are still falling.

The value of my home peaked at $906,000 in late 2005, dipped below 700 thousand in early 2007, then increased to almost 800 thousand a year later and since then, has dropped sharply. The value of my home dropped more than half from 2008-2009 to the 400 thousand price range and is now currently 335 thousand dollars. $600,000 lost in only a few years.

Homes that were selling for $1,000,000+ 4, 5 years ago are now selling for $300,000-500,000 now.


The house across the street from me just sold and the new neighbors are just moving in. Two houses near me are being remodeled and probably about 3 houses are for sale.

[beachmouse]

Give it two months and we'll see how the bed down of the Green Berets has impacted the Ft. Walton Beach market. In general, we don't seem to have fallen as much as a lot of areas- better employment numbers and not as many built only to flip homes as you got in the peninsula.

[mango23]

Originally Posted by 90sman

The housing market does seem to have recovered some in the past year in terms of house sales. But housing prices are still falling.

The value of my home peaked at $906,000 in late 2005, dipped below 700 thousand in early 2007, then increased to almost 800 thousand a year later and since then, has dropped sharply. The value of my home dropped more than half from 2008-2009 to the 400 thousand price range and is now currently 335 thousand dollars. $600,000 lost in only a few years.

Homes that were selling for $1,000,000+ 4, 5 years ago are now selling for $300,000-500,000 now.


The house across the street from me just sold and the new neighbors are just moving in. Two houses near me are being remodeled and probably about 3 houses are for sale.

Your house was never really worth $906,000 and very very very few real sales took place at those inflated prices; although people had their homes listed very high hoping. All I can say is you should have sold as quickly as possible if you could have actually gotten it.

[FloridaKash]

Homes priced $500K or more are dropping in price and not selling quickly. Homes in the $150K - $200K seem to be selling quickly in the Tampa Bay area and there seems to be little supply hitting the market these days. Good seals in this price range are getting snapped up quickly.

[cw30000]

House price going down it is a good thing. Let's face it, there is no improvement in employment, salary is not going up, therefore, house will not sell unless there is a true bargain.

I'm a home owner too and I could care less if my house drop another $200k of the so call market value. First, it is my home, not an ATM or an investment. I bought because it make sense to me. Secondly, I am not planning to sell unless someone offer me a deal that I cannot refuse.

[mango23]

Originally Posted by cw30000

House price going down it is a good thing. Let's face it, there is no improvement in employment, salary is not going up, therefore, house will not sell unless there is a true bargain.

I'm a home owner too and I could care less if my house drop another $200k of the so call market value. First, it is my home, not an ATM or an investment. I bought because it make sense to me. Secondly, I am not planning to sell unless someone offer me a deal that I cannot refuse.

You would if it was worth $200,000 less then your mortgage. I agree though the housing market needed to adjust it'self to reality as it is doing. People are now possibly going to be able to afford a house. When things were going crazy many people bought thinking if they don't buy now they will never be able to afford a house, EVER; now they are stuck. It is not they were suckers buy they acted on what was going on at the time and really bad advice being given out. I don't recall too many annalists saying the market was going to collapse so fast, at least not publicly.

I did the same thing in a way. I turned down $800,000 for a property that today is worth maybe $300,000, heck they wanted me out in 30 days so they could knock it down and start building. I guess like a lot of people I figured maybe down the road I will sell not realizing it would change so quickly and an offer like that I would never see again. If I knew then what I know now, I would have given them the keys in a second and they could have kept the furniture and my clothes for the matter; just give me the money and I am out of here.

[seeriously]

Vero Beach - sold this year for what we paid for it in 2005.

[cw30000]

Originally Posted by mango23

You would if it was worth $200,000 less then your mortgage. I agree though the housing market needed to adjust it'self to reality as it is doing. People are now possibly going to be able to afford a house. When things were going crazy many people bought thinking if they don't buy now they will never be able to afford a house, EVER; now they are stuck. It is not they were suckers buy they acted on what was going on at the time and really bad advice being given out. I don't recall too many annalists saying the market was going to collapse so fast, at least not publicly.

I did the same thing in a way. I turned down $800,000 for a property that today is worth maybe $300,000, heck they wanted me out in 30 days so they could knock it down and start building. I guess like a lot of people I figured maybe down the road I will sell not realizing it would change so quickly and an offer like that I would never see again. If I knew then what I know now, I would have given them the keys in a second and they could have kept the furniture and my clothes for the matter; just give me the money and I am out of here.

I don't understand why people pay any attention to anything release by the analysts. If they are so smart, they wouldn't be writing for a living, they would be making money like Jim Rogers in investment.

Anyway, when people gone mad, anything is possible. Yes, I feel bad for those who bought at the top and got stuck with an upside down mortgage. Blame nobody except oneself for not doing any due-diligence.