Real estate! How is your market?

winternight

Member
Apr 9, 2006
2,099
9
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

Member
Nov 28, 2006
72
0
NY, LA
I'm in the Los Angeles area. Market's slowed down, and there's much less inventory. However, price hasn't noticeably dipped.
 

Swanky

Admin
Admin
O.G.
Jan 12, 2006
86,431
6,512
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

Confetti In Her Hair
O.G.
Oct 31, 2006
1,592
1
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:yes:
 

jag

O.G.
Jan 18, 2006
20,012
138
Michigan
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!!!!!!!!!!!!!!!!!!!!!!
 
Sep 15, 2006
156
1
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

Member
Oct 23, 2005
13,048
32
38
South Florida
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

Oh no she di-int!!
O.G.
Jun 1, 2006
28,070
73
53
Seattle
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

O.G.
Jan 25, 2006
3,864
21
NJ,US
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

Member
Sep 6, 2006
4,923
0
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

Member
Apr 24, 2006
3,131
1
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

Member
Aug 21, 2006
5,294
29
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

Back in 5 minutes..
O.G.
Sep 15, 2006
2,919
4
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. :biggrin:

Cris. :yes:
 

amamxr

Member
Aug 21, 2006
5,294
29
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. :biggrin:

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