Quote:
Originally Posted by TrudyM
From what I have been reading there are pocket markets that have low inventory and high demand that are back in bidding war stage. Everything has gone up a little where I am but houses with view over 3750 sq ft and especially moorage are going nuts. A house down on the water from me was listed a year ago for $950,000 they put it back on the market for $975,000 it just sold for $1,150,000. But normal peoples houses like mine at 2300 sq ft even with view are just bearly getting back to normal not 2006 prices but maybe 2004. I only have 4 bedrooms and no theater or wine room or three car garage. The people who have what my dad use to call REAL money now that the stock market is back up are moving back into realestate. Maybe this is true for people who saw there retirement funds take a hit and finally come back they say hey now I have to buy a lot in the villages while I can.
Sorry I ramble on
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I did make a general statement in that if I elaborated, some markets will be better than the average but I still say the housing market is starting to recover. Going nuts is another story. Those who have waited to sell their homes should see a general rise in prices.
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