neatfreak
Super_Ideal_Rock
- Joined
- Feb 17, 2007
- Messages
- 14,174
True for our immediate area, b/c employment is very strong. But if you drive towards Sacramento, for example, it''s a total disaster. Tons of bank owned property and very serious price reductions. Haven''t seen anything like it in years. You should go see - amazing. I have watched brand new houses in Roseville go from $650 to $489, new from the builder. Makes me want to move, I''ll tell ya. 3000 square, brand new, $489K. Yup.Date: 6/29/2007 10:36:16 AM
Author: Mara
Beacon, I don''t know if all of the housing industry is in the can around here...I have a friend who works for a prominent builder in the BayArea and it sounds like that company is doing fine, she was just telling me that one of their latest developments just sold out. It seems like people are still lining up to buy new, resale is taking a hit but also I see houses that go up on the market that have a sale pending within a week, and others that languish for months. It seems very random but I am sure pricing has much to do with it...some start out what I would consider high but then once they drop down around $50k it sells. Too bad we aren''t looking to ''upgrade'' right now (because we are probably just going to move away) because now would be a great time cost wise as I believe our thouse has held it''s value pretty well.