10 Fastest Growing Real Estate Markets

[tsedeski]

Its not that the area hasnt been hit..........its that no one is buying. if nothing is selling then there is no data to show that values are or should be dropping. I still say the agents in the Valley are listing homes are rediculous prices. I wonder what the average age on listings is. I have been looking for almost a year and i have seen the majority of the homes just sitting there on the MLS. So, the homes are definatley worth less in this market but no one is closing any deals.

[BLUEDIAMOND64]

Saw a news clip yesterday and they said that get an idea of what you think your house is worth and then drop it down fifteen to twenty percent and that is probably what you will sell it for.

[CosmicWizard]

IMO, the best strategy right now is to NOT to sell, unless you absolutely have to. Avoid jumping on the PANIC selling bandwagon that seems to be so prevalent right now. All of these owners wanting to cash out before prices drop even further are killing prices for all of the other owners.

[tewplanman]

I bought a home in a community right on 390 about a mile from lake wallenpaupack, on a bankrucy and its taken me 3 years to refubish it. Its amazing the lack of good construction people that are in this area. As for jobs, I see none, and i mean none, I had hoped to move out of my 450K NYC condo and find some type of accounting work in scranton or nearby. Nothing, very disappointing. Now im stuck in a housing market with a good summer home nothing more. I had such high hopes for the area with wall street west, gambling, the promise train. That because ive heard about this train being put in for the last 10 years. Guess ill do what everyone else does, rent my place on weekends to NYC tourist who dont want to fly.

[SteelCityRising]

Originally Posted by tewplanman

I bought a home in a community right on 390 about a mile from lake wallenpaupack, on a bankrucy and its taken me 3 years to refubish it. Its amazing the lack of good construction people that are in this area. As for jobs, I see none, and i mean none, I had hoped to move out of my 450K NYC condo and find some type of accounting work in scranton or nearby. Nothing, very disappointing. Now im stuck in a housing market with a good summer home nothing more. I had such high hopes for the area with wall street west, gambling, the promise train. That because ive heard about this train being put in for the last 10 years. Guess ill do what everyone else does, rent my place on weekends to NYC tourist who dont want to fly.

I, too, am an aspiring CPA who has duly noted the dearth of professional opportunity in this region, hence why I may have to power-commute in the future from my Scranton home to Northern New Jersey daily. It's very discouraging that so few local college graduates can stay in our region, and it doesn't bode well for our economic future. It's a Catch-22. We don't have the lucrative career opportunities available here to either retain our college graduates or lure in new ones, and we don't have the educated work force being retained to attract those very same positions to our area.