Quote:
Originally Posted by DebMil
Let's hope it doesn't go that low as even the newer patio homes will lose money. We need a bit bigger home and I see the home prices dropping like crazy..in most cases, the over 55 buyer used to pay cash up to say 400k. So interest rates should not be affecting sales, but it seems to be..
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Prices are all over the board. A few preowned are selling at aggressive prices but the majority are sitting on the market for months. Daily, I see price reductions up to $50,000. Moultrie Creek is selling quickly but Denham and Dabney still have quite a bit of inventory even with reduced prices. The market is unstable to say the least.