Home Prices (Corona: 2009, foreclosures, how much)

[iehomebuyer]

Do you think home prices will decline further in the Eastvale area of Corona? If so, how much by the end of 2009?

[jasmine22]

I am curious about the same thing...we are looking in the area as well. lots of foreclosures available, but pretty competitive with the pricing. we've put out multiple offers, always higher than the listing price, and the bank has always received even higher offers. final selling price on most of the homes we've put offers on have been $40-$50k higher than the listing price. its a very hot market there right now. new home pricing has sort of steadied, but the builders are offering tons of incentives to help out - closing costs covered, appliance packages, upagrades, etx. im curious to see what responses you get to your post...

[iehomebuyer]

Yes, and some builders are listing 3300sqft houses there for 379k. I wonder why people offer 40 and 50k above pricing on forclosures which makes these houses more expensive than the brand new ones.

[rotorholic]

I wouldnt pay 40-50k above asking prices with tons of foreclosures to pick from, I would move on to the next foreclosure. Prices will drop even more for the next couple of years at least.

[flo2900]

Originally Posted by rotorholic

I wouldnt pay 40-50k above asking prices with tons of foreclosures to pick from, I would move on to the next foreclosure. Prices will drop even more for the next couple of years at least.

prices will stall a little from dropping b/c of obama`s plan but then drop again when the new waive of foreclosures will hit the market...FEW PPL WILL QUALIFY FOR OBAMA`S PLAN....WAIT PPL DON`T BUY JUST NOW ok: