Quote:
Originally Posted by BrianL99
I'm not sure where everyone is getting this nonsense about home prices dropping like a rock in TV and everywhere else.
I bought a home in TV, less than 2 years ago. I can make a reasonable profit, if I sold it today.
For the last year, I've been looking for another home in TV, as the one I bought, doesn't exactly fit my needs ... there was very limited availability 2 years ago.
I watch the Listings every day, for homes for sale in the geographic area I want in TV. Pound for pound, the houses that I see (& are being sold) are still 10%-15% more than I could have bought them for, 2 years ago.
There was rampant speculation over the last few years, in TV and other locations. That's over with for now. If you did your due diligence when you bought, you're still sitting with normal real estate appreciation of 3%-4% per year.
|
I don't think "everyone" is saying it's "dropping like a rock". You keep referencing 2 years ago. That's a long time in "market" terms. Being that you watch listings every day, you surely noticed that the last 3 months have been different. Prices are down 5% YOY.