Talk of The Villages Florida - View Single Post - US Home Values Bottomed Out?
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Old 06-12-2009, 10:48 PM
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TrudyM TrudyM is offline
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Location: Bought Tamarind Grove, Mercer Island Wa, previously NH,FLA,Hi,CT,CA,GA, Hubby from Hawaii
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Here in the Puget Sound (Seattle) they didn't go as low as they did in alot of the US as we had less subprime lending. I don't know if it was state statues or what but the real wacked out loans that we were offered (and didn't take) in Atlanta in 2003 where not offered when we came here in 2006.

Here the low end ($400,00) of the market is comeing back and the High end (over a mil) of the market is also. But the sales volume is still low. Whats flat or still down here is the middle. But our housing prices have been 130% of the national average since the early 90's so they where and still are high compared to the average salary of the young working families. and there in lies the problem.

A recent appraisal on our house puts it at 2% above what we bought in 2006 but we have done work and have another 50 thousand of impovements left (that with ou doing the work)