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