Sales ranges are wacky right now. A lot of people are listing way above value to see if they can get cash offers. At least thats what I've noticed going through listings.
my thing is my home is a starter home for a younger couple. it is in a nice area due to the space center prices are depressed. values are slowly coming up but unless
something big comes in here values are still going to be depressed. not to mention there are still all these fixer uppers that have flooded the market where they are wanting 40-50k cash.
The crappy housing market is just a symptom of obama's weak or should I say non existent economic recovery.
Lenders are requiring the borrower's first born and homes must be emaculate in order to get a loan these days. Not like days of old when home inspections were drive-bys and homes were sold with all kinds of flaws. The housing bubble collapse has made every gun-shy, and so things are unpredictable.
"He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
What about wherever you live? What did you experience between 2000 through 2013? Was your peak in 2005? Was your bottom 2009? I heard the East didn't have any big moves and that prices (in the cities) are well above 2005. You have to live somewhere to understand the fluctuations of your area.