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I'll bet $1 that prices WILL INCREASE IN THIS AREA FOR 2007.
Who wants to put their money where their mouth is???
Vicki
Ok I say this with somewhat tongue in cheek. You need to read mulitple threads to appreciate this however. I agree that overall prices will increase except near major highways and neighborhood pathways. When it becomes a buyers market some will sell for more and some will sell for less. Some developers are now raising prices and some are cutting. Those cutting get the headlines. Those raising are getting the sales and can.
AP
Home Prices: Steepest Drop in 20 Years
Tuesday August 28, 9:58 am ET
By Vinnee Tong, AP Business Writer
S&P Says Housing Prices Fell in 2Q by Steepest Rate Since Its Index Was Started in 1987
NEW YORK (AP) -- U.S. home prices fell 3.2 percent in the second quarter, the steepest rate of decline since Standard & Poor's began its nationwide housing index in 1987, the research group said Tuesday.
Detroit led the cities with the biggest price declines, with an 11 percent drop from June of last year. Other cities with falling prices included Tampa, Fla., San Diego and Washington, D.C., which all recorded drops of at least 7 percent.
Seattle and Charlotte, N.C., were on the small list of cities that saw prices rise in the same period. Seattle prices rose 8 percent in June while Charlotte saw a 6.8 percent increase.
AP
Home Prices: Steepest Drop in 20 Years
Tuesday August 28, 9:58 am ET
By Vinnee Tong, AP Business Writer
S&P Says Housing Prices Fell in 2Q by Steepest Rate Since Its Index Was Started in 1987
NEW YORK (AP) -- U.S. home prices fell 3.2 percent in the second quarter, the steepest rate of decline since Standard & Poor's began its nationwide housing index in 1987, the research group said Tuesday.
Detroit led the cities with the biggest price declines, with an 11 percent drop from June of last year. Other cities with falling prices included Tampa, Fla., San Diego and Washington, D.C., which all recorded drops of at least 7 percent.
Seattle and Charlotte, N.C., were on the small list of cities that saw prices rise in the same period. Seattle prices rose 8 percent in June while Charlotte saw a 6.8 percent increase.
Just thought you'd want to know!
Vicki
Man o' man, how many times can I kick myself for selling our 3 bedroom little ranch house in West Seattle (WITH a view of Puget Sound) for double what we paid for it 5 years previous. We sold it in 1994 to buy a house in NoVA.
Guys, you can chatter on all you like. Honestly, I was just suggesting that we try to remain helpful for Jackie's sake. I don't want her concerns to get lost & dismissed, ya know?
Obviously, I'd rather live in a subdivision with no major highway out back. But if my choice was I40 in the back with a tree barrier and a driveway leading to busy 2 lane road in the front yard, I'd choose the interstate.
The noise and lights from the interestate are just annoying, but pulling out of a driveway onto a busy road such as Amelia Church can be dangerous.
We looked at a similar place. 2 acres, chapel hill school district, just off whitfield road. Beautiful house, and was listed for 450K (maybe 100K cheaper than you'd expect). House at the top of a hill, and the amount of noise from the highway increased as you climbed the driveway. Turns out they built about 4 years before 40 went through, and it was about a hundred feet off the back of the house. Deal killer for us (that plus it would have been an enormous stretch for our budget), and the house sat on the market for nearly a year, finally sold for 380K.
Like others have said, its priced low for a reason, and you can expect going through hell when you try to sell it.
I'll bet $1 that prices WILL INCREASE IN THIS AREA FOR 2007.
Who wants to put their money where their mouth is???
Vicki
I'd take that bet! But unfortunately, I've got a mortgage to pay.
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Honestly, I was just suggesting that we try to remain helpful for Jackie's sake. I don't want her concerns to get lost & dismissed, ya know? 
