Re: Home Prices - Where are they now?
Out of curiosity, I Zillowed my grandparents Fla winter home in Bradenton. They bought it new in 1960 for about $5,600 (while houses in Chicago suburbs were around $25,000); 2 BR 1 Bath, 1 car garage, attached "Florida Room" (Upper Walls Screened). 1100 SF (no air), 7000 SF lot.
According to Zillow, a similar house was at $98,000 four yrs ago, went up to a Zillow value of $198,000 in late 2005 and recently sold for $120,000!
I remember seeing Bradenton having close to 50% annual home price increases a few years ago - guess they went back to near the prices before the bubble effect - say 2002 prices plus "normal" increases.
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Da Chicago So Side; The Village of Park Forest, IL; 3/7 Cav, 3rd Inf Div, Schweinfurt, Ger 65-66; MACV J12 Saigon 66-67; San Leandro, Hayward & Union City, CA (San Francisco East Bay Area) GO DUBS ! (aka W's)
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