[Frangyomory]

chuckinca is so right. We bought in Jully 2005 when it was a sellers market. Our home went up about 30% by first of 2006. Now not as high as in Jan 2006. The market is horrible all over the country. Foreclosures are higher than ever. This is partially due to the "innovative" mortgages sold to people who might have known better. Some of the interest only loans which were really big in the California market. It is really sad that most of the foreclosures are first time owners and retired people.

When we bought the developer was in the captain's seat. Not now. They are doing all kinds of creative things to sell the new homes. Not much effort goes into selling the previously owned homes.

The market is the market. The Fed controls the interest rate and if it keeps going up we can look for previously owned homes to sit stagnant for a while.

We sold before we left Virginia and sold it without listing to a former neighbor. Back in June 2005 people were scarfing up homes like ours in Virginia. Glad Joe retired when he did. Otherwise, we might still be in Virginia trying to sell.

God surely blessed us! :bigthumbsup: