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Old 06-12-2009, 02:58 PM
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Originally Posted by potatosoup View Post
There are houses that list at $475k and there are many search engines and they sometimes get out of sync. I wasn't being obtuse, I just didn't see the house you were talking about at the exact price.

I personally believe (and therefore don't need convincing) that NH and especially the Seacoast area has good reason that its value has held stronger than other regions. I'm also not expecting people to sell at major losses.

I've poured through the sale prices and see houses that clearly could be sold at reasonable profit or break even, and that's factoring conservative increase in equity from principal payments and appreciation. Yet these people want hundreds of Ks profit and their houses are not in the best shape. This is insanity, and even for the region there is nothing to support it. That is what I'm mostly talking about.
Hang in there Prices will keep dropping well into next year at least. Then they will go sideways for years. There are still going to be MILLIONS of Americans laid-off from work before the end of this year. There is no way a housing recovery can happen in this environment. Interest rates are also going ONLY up.
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