[ithos]

For existing homes in Brownwood I would say the asking prices are about 10-15% below the peak of a year ago.

I would consider 2008 a buyers market where many home owners were underwater on their mortgages and the market prices were lower than the original purchase price. When prices almost double in 10 years it is inevitable that they will have pull backs.

Sooner or later the dollar will collapse due to the massive government debt and then you will see mayhem.
America's Fiscal Future | U.S. GAO

[mkjelenbaas]

Originally Posted by Lynnesail

I read different viewpoints, is this a buyers or sellers market in TV?

I wonder if people believe the feedback they receive here? Just saying.

[Ptmcbriz]

Our neighbor in the Village of Hawkins sold her 3 year old Veranda within 5 days. She used a Village realtor. I would say it’s a seller’s market from that.

[Stu from NYC]

Originally Posted by mkjelenbaas

I wonder if people believe the feedback they receive here? Just saying.

Depends upon the poster.

[Stu from NYC]

Originally Posted by Ptmcbriz

Our neighbor in the Village of Hawkins sold her 3 year old Veranda within 5 days. She used a Village realtor. I would say it’s a seller’s market from that.

Price it to the market and can sell quickly. A house around the corner has been on sale for months.

[MX rider]

Originally Posted by Stu from NYC

Depends upon the poster.

We moved to a bigger home not far from our 2 and 2 we bought 2 years ago. It's been on the market for a couple months with an MLS agent.

We priced it where we thought we should, but have reduced the price since about 4%. Our realtor has been working hard doing open houses, but not sold yet.

She said there's a lot of inventory, which is true. Although we did a number of improvements, we're thinking we may just end up getting what we paid for it or maybe a little more. But we're ok with that.

Our friends just bought a nice home in Fernandia, but there was no shortage of homes for them to choose from.
All that said I think it's a buyers market

[Lanieb]

I agree Lynn but you still have to go thru a realtor to get it on the MLS

[Lanieb]

I have a 2/2 courtyard villa for sale completely renovated in a modern style. Leaving most furniture. Granite in Kitchens and bathrooms.
Pretty landscaping move in ready
Call me on 336 337 5885 if interested
Lanie

[Jayhawk]

Originally Posted by ithos

For existing homes in Brownwood I would say the asking prices are about 10-15% below the peak of a year ago.

Of course, if you sell at 10-15% lower wherever you buy next will be comparably lower than if you had sold at the peak. Simple economics.

[vintageogauge]

Our 4 bedroom 2,600 sq. ft. Ivy in Fenney will be on the market with TV in a few days at $895,000. It's on water with an excellent view of nature, very quiet and peaceful. We'll see how it goes.

[Normal]

Originally Posted by Jayhawk

Of course, if you sell at 10-15% lower wherever you buy next will be comparably lower than if you had sold at the peak. Simple economics.

If you sell and then rent, the median value of a home for that interim time period can close or widen from the price you sold at. You may gain spending power, or lose spending power. Home values mostly lag economic movements.

We should be looking at elections, the movement of the Fed and real estate inventory as a whole.

[melpetezrinski]

Originally Posted by Lanieb

I agree Lynn but you still have to go thru a realtor to get it on the MLS

Actually, you get on the MLS by simply paying a fee of less than $100.

[Normal]

Originally Posted by melpetezrinski

Actually, you get on the MLS by simply paying a fee of less than $100.

Several places place you on the MLS for a minimal fee, it’s usually around $100.