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Old 02-26-2009, 05:16 AM
 
611 posts, read 1,848,635 times
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"The median price of a home sold in Lehigh and Northampton counties dropped 4 percent to $185,000 compared with a year ago. Sales volume dropped by 46 percent to 212 homes sold in the month, according to the HomExpert Report from Prudential Patt, White Real Estate, one of the Valley's largest real estate firms." The morning Call, 02/26/2009
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Old 02-26-2009, 05:37 AM
 
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Hooray...I'm under the average-someone buy my house, its a bargain!
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Old 03-01-2009, 08:23 AM
 
Location: allentown
113 posts, read 279,206 times
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alot of times people do not want to lower their prices on their homes so they can sell them or they do want to rent them out when they are empty because they are scared that someone will ruin their house. Our house was for sale when i rented it. Now we are living there for 14 months and the house is the same as it was when we moved in People just have to get the right renters.
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Old 03-01-2009, 08:30 AM
 
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We had renters on our other home. We had to evict both of times. First time they paid $6k up front, which was nice, but then it got bad after that. Second time, 2nd months rent check bounced. Evicting sucks, but my wallet is more important than their sob stories. I had two mortgages...had to put feelings aside.

Edith: I guess we've heard the last of Spongebob's friends Patricks website
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Old 01-13-2010, 10:37 PM
 
135 posts, read 335,376 times
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Quote:
Originally Posted by markas214 View Post
Areas of Florida, Arizona, California and Nevada saw increase well over 300%. Most of the Lehigh Valley closer to 60%. Where do you believe there are more foreclosures and a the likelyhood of greatly falling of prices? The Lehigh Valley may have seen prices rise greatly for 2002-2007 but that followed a decade of flat prices. Rather than expecting a massive decline in values I would expect a 10% nominal decline then a flat market for 5-10 years. I realize there is absolutely no arguing with you but I have an opinion as well and historically my scenario is more likely than yours.

10% is already 30% + and still going. Great thread!
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Old 01-13-2010, 10:57 PM
 
135 posts, read 335,376 times
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Quote:
Originally Posted by EmmausRocks View Post
http://graphics8.nytimes.com/images/...aph2.large.gif

I beg anyone especially those realtors and foolish investors who purchased homes during this bubble to disclaim this data. Please prove me and Robert Schiller wrong.

YOU CAN'T
How could anyone see that chart and still think "Prices will come back"?
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