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Just a casual observer here, but I watch home prices around the Finger Lakes, and I've noticed a definite decrease in the last year or so. Granted many of these homes would be second or vacation homes, so this is the type of real estate that would be most affected in a recession. But not all are. I've seen dramatic price decreases in the higher property tax areas, and also in the region around the Marcellus Shale. Who knows what will happen with that, but many residents are jittery about property values, and for those thinking of moving to that area, might now think twice, or look to relocate elsewhere. That decreases demand and prices fall accordingly.
Thats right. Falling prices. And there is no bottom in in sight.
Where are you getting this 60%, considering that your own source shows that home prices have ranged from going up 10% in the Buffalo MSA, while Elmira MSA has a decrease of 2.2%? That Elmira decrease is small in comparison when looking at the other areas in the country. I can give you the Kingston area decrease of 7.5% for that time period.
Also, it is great that people can stay in their homes in comparison to other states when it comes to foreclosures.
Where are you getting this 60%, considering that your own source shows that home prices have ranged from going up 10% in the Buffalo MSA, while Elmira MSA has a decrease of 2.2%? That Elmira decrease is small in comparison when looking at the other areas in the country. I can give you the Kingston area decrease of 7.5% for that time period.
Also, it is great that people can stay in their homes in comparison to other states when it comes to foreclosures.
Where are you getting this 60%, considering that your own source shows that home prices have ranged from going up 10% in the Buffalo MSA, while Elmira MSA has a decrease of 2.2%? That Elmira decrease is small in comparison when looking at the other areas in the country. I can give you the Kingston area decrease of 7.5% for that time period.
Also, it is great that people can stay in their homes in comparison to other states when it comes to foreclosures.
Something tells me "reaItors" bought a house and overpaid for it / can't afford it, and is just "venting" on these boards.
Regardless, I admire your patience in dealing with posters/posts like this. Kudos
Last edited by BigD_JT_14221; 08-29-2011 at 12:14 PM..
Reason: spelling correction
Something tells me "reaItors" bought a house and overpaid for it / can't afford it, and is just "venting" on these boards.
Regardless, I admire your patience in dealing with posters/posts like this. Kudos
A reaItor lied and someone paid too much for a house? REALLY?
Yup, that huge 1.7% in comparison is on par with the 60% that you claim, if that information is up to date. I guess the fact we can pay for our homes here might be a better sign considering the area has one of the lowest foreclosure rates in the country.
Got tired of your other 3 user names? Now answer the question. Why would anyone buy a house when prices are falling.....
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