Quote:
Originally Posted by JustMe
The "average" selling price may not have dropped much, but what you are getting for that selling price is what is plummeting. What was $600 K is now $400 K..... Anything selling is nowhere near asking prices, anything selling is greatly discounted.
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Yep! Surprisingly prices have held up reasonably well with the economic downturn that's getting worse by the month. A large part of the previous housing booms were because of big oil and people moving here for high paying jobs and that's over for a few years. Housing should be ok but first time buyers aren't going to be seeing breaks anytime soon and many don't have the big bucks to get into the 300,000 to 400,000 houses anymore