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Reality Sets In


               
2014 Mar 21, 5:50pm   548 views  1 comment

by John Bailo   follow (0)  

House near me:

Mar 12, 2014 Listed (Active)
$91,000

Sep 11, 2013 Sold (Public Records)
This home was foreclosed. REO (Real Estate Owned Home)
$244,081

Jul 31, 2006 Sold (Public Records)
$223,000 10.2%/yr

Mar 06, 2000 Sold (Public Records)
$120,000 10.4%/yr

60% price decline from 2006 peak and then foreclosed in 2013.

Back to below it's price from more than a decade ago!

#housing

Comments 1 - 1 of 1        Search these comments

1   hanera   2014 Mar 21, 8:39pm  

In 2007, many folks had overpaid excessively for houses. Crappy houses or houses in non-desirable houses are "dragged up". These houses may not be above water for decades, if ever. However, those in desirable neighborhoods had since risen above 2007.

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