Post Local Housing Market Observations Here!
What do you see in your housing market this weekend? Builder incentives? "The $99,000 amount is an approximate incentive for homes available to close escrow by December 24, 2006.Vacation Getaway is limited to select locations. The prize will be forfeited if certificate is not claimed by the winner at Pulte Homes offices in Pleasanton, CA within 30 days after notification."
From Hawaii. "'Local Realtors observe that speculators are gone, while potential buy-and-hold customers are waiting, watching prices closely,' according to the report. Construction is still booming, but economist Leroy Laney said people in the industry 'see emerging signs of some cooling off in the future.'"
From Illinois. "Carbondale, Illinois never participated in the housing bubble, but the current market pull back seems to be hitting it hard nonetheless. The Eatons aren't laughing. They've dropped the price twice already and have yet to attract a serious offer. The Eatons originally set the price at $425,000 last year."
"'We had someone make an offer of $275,000,' says Judy Eaton. 'I didn't even counteroffer. 'The most I'll come down is $10,000.'"
The Sydney Morning Herald in Australia. "This is Sydney's cheapest unit. The one-bedroom unit in Cabramatta sold at auction last week for $95,000. In November 2003 it cost $262,500."
"Elliott Shiner First National real-estate principal Angela Elliott said:'Everything that is selling now is selling for $40,000 to $50,000 less than it was in 2003. Properties have dropped by a good 30 per cent in value. You can pick up properties in the Mount Druitt area for $180,000 to $200,000. There are real bargains to be had, but where are the buyers?'"