While housing prices still remain lower than I'd like in our sub-division, two of the "dogs" just closed this week in our neighborhood for not-bad prices. Both were corner lots bordering busy streets and had issues (dated interiors). Things are looking up!
We had some homes in our area starting to get good prices and then the banks threw the foreclosures out there and that was the end of it. The prices are below what any dump would sell for, just to get rid of it. This is a shame for the rest of the homeowners who are paying even though they also are underwater. This type of under pricing should not be allowed. If the assessments paid in taxes are $200,000, that is what the banks should also honor.
Posts: 2332 | Location: Sarasota | Registered: Jan 31, 2005
Ooooh...another "dog" in my neighborhood went on the market. The kitchen's okay, but the master bath is still builder grade, and the flooring through-out needs updated. It's on a small lot bordering a busy street and about $60k over-priced according to the comps. This ought to be interesting...