Former Fed chief Alan Greenspan has been called downbeat on the housing market in many of h
What’s the housing market like in your region? Nationally, the average house price saw its slowest appreciation in a decade with a 3.2 percent rise.
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What’s the housing market like where you live?
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In Montana, most houses are $250,000 or more. These prices greatly outweigh the median income of most Montanans (who live and work year ’round). This region has not been exempt to this financial epidemic, with many houses sitting empty, and unsold.
- Posted by MattSeattle, Washington (USA): One word “unaffordable.” Median is somewhere around 500k for a “starter” in any decent neighborhood.
- Posted by ChadFor a home purchased in Boca Raton, Florida for 470K, you will be lucky to see it for 400K. In my area alone, there were 35 homes for sale, all almost identical to mine. Thank goodness I was able to rent it. Rental income doesn’t even come close to paying the mortgage.
- Posted by LeeIn Annapolis, MD the market is dreadful. We have been on the market for 6 months with only one potential buyer coming through. 20+ houses are currently for sale in our neighborhood, and asking prices have dropped 10-20% in the last 2 months for those that really need to move.
- Posted by EricWe put our home on the market June 15th.
- Posted by PhyllisWe live in a particularly desirable area in a small town in WI.
To date, we have had one person look at our home, and an open house which no one attended.
Two years ago, a neighbor sold their home before the real estate agent could get a sign up. In fact, there was a bidding war on the home.
So, to put it nicely, the housing market STINKS in our area.