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Old 08-31-2007, 05:28 AM
 
1,303 posts, read 2,857,627 times
Reputation: 502
Default I am reading about the houseing slump, hearing about it..but not seeing it...

So we keep hearing about this bust, the bad market...but really interested in the RE perspective..is it really that bad..or just media hype?

We want to specifically move to Clarkstown(or as good) schools in Rockland County, or Monroe Schools in Orange (dh wants rockland)....and I see no decline..lots of homes on the market (that are overpriced to begin with)....and yes, I do see them reducing their prices with catchy ad slogans ("reduced" for quick sale, owner says present all offers...etc etc)...and they are reducing by 40k..but still, since the house was so high to begin with...for those of us locals who knew what a particular subdivision went for 5 years ago..they are still wayyyy above what there starting price should be.

And hence the cycle continues, buyers are waiting, sellers are still not budging and then you have this media hype.

What are you guys in the RE biz "really seeing".

Home price report - MSN Money
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Old 09-03-2007, 09:57 AM
 
Location: Rockland County, NY
110 posts, read 330,997 times
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The market is not what it was a few years ago that is for sure but it is a market where the homes are priced right and for a buyer who has money to put down, good credit etc there is alot to choose from. It is still a buyers market per say but don't expect sellers to give their homes away, they have priced them reasonably, if you need help let me know and Good luck
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