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| Topic: homes 4 SALE?? | |
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we have so many homes here being forclosed on here~do you have the same thing going on in your state??
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We live in the same state and the answer is yes!
This state is in seriouse trouble... 
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yes
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There is not a problem in NY, that I am aware of, no.
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Not forclosed necessarily but the housing market is definately down....Nobody is buying there are just empty houses sitting for sale everywhere! Wish I had the money to buy up a few of them for rentals or investment. It's definately a buyers market right now!
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Seems like it is everywhere.
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Phoenix has always been behind the national trends so I'd say not yetbut when it does.......OH MY it will be bad. The reason for that is we experianced massive growth, quickly and everybody bouoght their house with arms and thoes arms are falling off soon........
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Housing market is down here... lots of homes for sale but I don't see a lot of foreclosures. There's only one "for sale at auction" house I know of. I'm sure lots of the ones with signs are being foreclosed on, but I don't think it's as bad here as it is in, say, the larger cities.
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michigan has one of the highest forclosure numbers in the country i think. i saw a couple houses listed in the neighborhood where my last house was and some of the prices had dropped to 30,000-40,000. some that needed a little work were down around 29,000 and below. it's crazy how quickly and badly the bubble burst here.
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if you have decent credit and a little cash right now is the perfect time to buy a couple starters around here and rent them because everyone is losing their house or looking for a place.
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I think I heard that Detroit had some REALLY nice, formerly-expensive homes that were selling for a few thousand dollars at auction....?
One of them, I heard, was a $70,000 home that went for a tenth its' worth. |
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Well, I am a mortgage officer here in Georgia, and yes we are having a foreclosure issue, but sales are still good. The banks are getting a little stricter, sales are still good.
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Same here in CT. Loans are harder to get approved.Foreclosures up, but it will turn around soon.
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Going to be alot of lawsuits, as they start proving some of the loans were misleading & ads were false. Of course, your going to need the money to pay an attorney.
Lawyers & bankers cut from the same cloth. |
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yep.average house costs 250 grand here and thats for a shack..
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If you buy a home in Michigan- espeically in certain areas
right now... and want to rent them out... Good luck finding tennents! Alot of us no longer have jobs and jobs are getting very hard to find around here... |
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i know what you mean but some that need a place to stay are looking for cheap rent. depends on the length of the commute but pontiac,detroit,saginaw and flint houses are dirt cheap and the rent prices have remained fairly fixed for now. i live in lapeer right now and the for sale prices haven't taken as large a hit as the cities but places for rent get picked up fairly quick.
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