[House4Sale]

Just caught end of major network's financial news program and analyst said house sales (both new and existing but existing higher number than new builds) are up. Reduction in house prices take the credit for the rise. However, lenders are tightening up but if buyers have good credit, there are no problems in qualifying and closing on a home. Anyone else hear this? Can add to it? We could use additional good news!

[mattvj5]

New homes are because they have cut the prices so much. Homes that are prices pre '05 levels are selling...watch where you get your information

[jedwardjos]

http://biz.yahoo.com/ap/070524/economy.html?.v=31 (broken link)
Refer to above link. Sales in South up 27.8%

[Songbird42]

Know a couple that just put a contract on a 06 home 3/2/2, brand new never lived in, built by an investor that was originally $209,000..........contract went in at $150,000 accepted and they close tomorrow. Lema Drive.

[info please]

Bottom line housing starts were up due to dropping the prices. I JUST LOOKED AT A HOUSE 399.000 NOW 349.OOO

[House4Sale]

Songbird, that's what it is taking. We've come down from 234,900 (which we did not want to list at but "agent" told us there was no reason why we couldn't get that price) and have come down to 209,900 and plan on lowering it further.

I know the house on Lema and ours has much more sq. ft., extra rooms, 3 car garage and a great view. We've had more hits and are running our own ads. More action lately. If interested party does not take the deal, we will go with new guy who has aggressive plan.

[House4Sale]

Originally Posted by mattvj5

New homes are because they have cut the prices so much. Homes that are prices pre '05 levels are selling...watch where you get your information

I lost your meaning and would like to benefit from it. We bought at about 2005 price (Highest) and there's no way those houses are selling at those prices. ALL have had to come down. "Splain it to me Lootsee. Thanks.

[firemed]

“Steve and Carol Daimler retired to Florida from Virginia two years ago. The Daimlers spend most of their time consumed with selling two investment properties they bought shortly after the move, holding open houses, distributing fliers, cold-calling realtors and catering to prospective buyers. The properties remain unsold, draining nearly $6,000 a month from the Daimlers’ dwindling retirement kitty. The couple had thought the properties would help finance the lovely new life they planned to lead in Florida.”

Moderator cut: Bulk of copyrighted material deleted (post brief, attributed excerpts only)

[SKB]

Read that this morning on THBB, that couple Steve and Carol "‘We thought we’d make $100,000 without batting an eye,’ says Carol.” and thousands and thousands of other greedy people.


“The couple are pulling out $15,000 a month from savings to cover their expenses, and they’ve already run through more than half of their nest egg.”
This almost ritual reminds me of people in casinos that walk back and forth over and over again to the cash machine for another withdrawal.

Yes, and we are to feel sorry for this??

[Arrgh]

I saw this on another website, seems appropiate for this thred..........

Posted 24 May 2007 04:55 PM Hide Post
I don't know who is BS or who isn't but I have been watching the MLS for south county, North Port, and know this. In February there were over 700 houses for sale priced under 200K. With a few new ones being dumped by builders at 160K. Today there are 406 houses for sale priced below 200K and the cheapest new house I coud find was 198K.
The increased sale of condos makes sense in that they fell quicker and harder than residential homes, the first to tank is usually the first to rise.
As history has proven, the market has and always will determine where the top and the bottom are.