Real estate! How is your market?

[winternight]

I'm in the DC area and dying to buy a place (just got engaged, hehe) but it looks like prices in our market are dropping. I also see lots more inventory. Anyone else holding off on buying?

 

[peachygirlie]

I'm in the Los Angeles area. Market's slowed down, and there's much less inventory. However, price hasn't noticeably dipped.

 

[DamierLover]

Northeast...horrid...hope it picks up....

 

[Swanky]

Our's is awesome, not softening like a lot of other places.
This time of year is the slowest in my area, but it's no slower this year compared to this time last year.
Still mostly a Seller's Market here.

 

[cascherping]

I'm in Minneapolis - it seems that it's a buyer's market here. I just bought a condo downtown 6 months ago and now prices are a lot more competitive because condos are being developed everywhere. At least I plan on living here for a few more years

 

[jag]

I am in Michigan and it is the worst in the US. So, all I can do is hope and pray that it comes back because you cannot sell a thing these days- there are more houses/condos whatever on teh market than buyers- and it is foreclosure heaven. AWFUL!!!!!!!!!!!!!!!!!!!!!!

 

[shopping junkie]

I sell new homes in So. Cal - market has cooled off. Prices have come down a little, but they had gotten ridiculously high. This is a great time of year to be a buyer even in a "good" market.

Right now you can ask for lower prices, help with closing costs, etc. If you are buying a new home from a builder, ask for incentives - upgraded flooring, appliances, etc. You can probably get them to pay for all of your closing costs, and maybe a year of the association fees if its a condo. Don't be afraid to ask - all they can say is no!

Above all, look at it as a long term investment. Even if prices drop a little in the next year, all you have to do is wait for them to go back up before selling. Just make sure you get a mortgage with a rate fixed for a long enough time. Good luck!

 

[Cristina]

South Florida. Supposedly home sales are falling, and prices are slowly falling... but I don't see that at all. Getting the %&@# out of here next year.

 

[Pursegrrl]

Seattle area. Home sales slowing. I see it right across the street from me with a beautiful 'flipped' house that has been on the market longer than it took to flip.

Condos and townhouses? Still going strong and lots of new construction in the 'burbs.

 

[Minnie]

The prices in our area are dropping but not by much!! Still very expensive! If your buying i suggest in the fall, winter it seems that the spring and summer the prices tend to increase, at least around here! More people look.

 

[Syntagma]

Well, we are building a new house and put our home on the market shortly after begining the build as we thought it might take a while to sell. Well, our house sold in 30 days!! LOL Now we are in a rent house until the new house is complete. Kinda sucks really! LOL

Basically the market here is still fine. Where we are building there are a ton of new homes going up!?!

 

[alvie223]

the market is slowing..but not in a bad way...and daddy is still making money so the world is an okay place(daddy's a real estate broker)

 

[amamxr]

Austin area- going strong. A home for sale in our neighborhood usually sells within thirty days after listing. It makes us want to put ours on the market.
If I didn't love my home so much I would say go for it DH!!

 

[Christine]

Austin area- going strong. A home for sale in our neighborhood usually sells within thirty days after listing. It makes us want to put ours on the market.
If I didn't love my home so much I would say go for it DH!!

Amamxr,

where do y'all live? I'm on (erf.. shadows self with pillow or blanket) the east side... in a row home community that *might* make a profit in a few years.

Would love to live on the right side of the tracks... but it is just me so I'll fight it out here for a bit.

Cris.

 

[amamxr]

Amamxr,

where do y'all live? I'm on (erf.. shadows self with pillow or blanket) the east side... in a row home community that *might* make a profit in a few years.

Would love to live on the right side of the tracks... but it is just me so I'll fight it out here for a bit.

Cris.

We live in the hill country west of Austin in a community called Lakeway.