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Old 02-28-2011, 03:10 PM
 
11 posts, read 17,970 times
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I've posted here a few weeks ago, my mother and I are looking to relocate from Queens, NY but we need to sell our co-op here first. It looks like it could take at least a year for it to sell as there are so many on the market right now.

It's just killing me because well, I'm impatient by nature and plus I'm scared by the time ours is sold and we have the means to buy in Orlando that the prices will start rising. I know it won't happen over night, but has there been any predictions at all of the market turning around any time in the near or not so distant future?
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Old 02-28-2011, 04:04 PM
 
26,589 posts, read 53,109,306 times
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They've started to rise slightly in my neighborhood, and buying activity has increased quite a bit, but I can't speak for the entire area.
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Old 02-28-2011, 04:58 PM
 
8,843 posts, read 9,994,128 times
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Predictions are all over the place, and like anywhere, it's going to be location specific. The nicer parts of Orlando will bounce back first.

If you really want to get depressed though....

Decades for home prices to recover - Jan. 7, 2011

Florida Hometown Democracy

Quote:
Prices have fallen 60 percent during the past four years in Metro Orlando, one of seven markets not expected to recover until some time after 2039, according to the analysis of Case-Shiller historical home-price trends released Thursday by Fiserv Inc
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Old 02-28-2011, 05:43 PM
 
Location: Orange County, Florida
385 posts, read 1,239,593 times
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Quote:
Originally Posted by chopchop0 View Post
Predictions are all over the place, and like anywhere, it's going to be location specific. The nicer parts of Orlando will bounce back first.

If you really want to get depressed though....

Decades for home prices to recover - Jan. 7, 2011

Florida Hometown Democracy
I don't think homes returning to normal pricing levels is anything to be depressed about. The prices the last few years were an aberration (and a very unhealthy one).

-Harry
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Old 02-28-2011, 06:39 PM
Status: "Summer, please don't leave!" (set 26 days ago)
 
Location: Asheville, NC
11,503 posts, read 25,807,415 times
Reputation: 4240
Several homes in my neighborhood have sold recently. The ones that have sold were either priced low or short sales. IMHO, home values are flat at this point. Homes are very inexpensive at this time. IMHO, I don't think they will shoot up in price in 1 year. I think it's going to take many years, at least five to see a noticeable increase.
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Old 02-28-2011, 07:22 PM
 
8,843 posts, read 9,994,128 times
Reputation: 4546
Quote:
Originally Posted by hgebel View Post
I don't think homes returning to normal pricing levels is anything to be depressed about. The prices the last few years were an aberration (and a very unhealthy one).

-Harry
Oh I agree, but from the view of many upside down homeowners here who need to sell, it can certainly be depressing.
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