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Compared to a year ago in your neighborhood, can you get more, less or the same amount of house for your money?
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Please include your first name, initial for last name and state ONLY. We will not display your email address in the responses. Thank you. |
| Housing: Half Empty Or Half Full |
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Ric Francis / AP Potential home buyers Shirley, right, and Wayne Minser examine a three-bedroom house as the owner, Carlos Garcia, left, follows Tuesday, Jan. 16, 2007, in the Eagle Rock section of Los Angeles. During December, the median price of homes decreased in Ventura and San Diego counties, but increased in Los Angeles county. (AP Photo/Ric Francis) |
"We could not afford our home now. We purchased our home for $350K. It is now worth $650K." -- Jennifer C., California
"Prices in Florida have gone down because of property Insurance and Taxes." -- Pat H., Florida
"The prices have dropped on the home in my neighborhood, in the past year." -- Betty K., Connecticut
"About this time last year townhouses in my subdivision were selling for $220,000. When new these cost about $94,000 in 2002. Today the price has fallen back down to about $160,000 and there ARE A LOT of For Sale signs. They have been up for months and months." -- Steve S., Florida
"After several years of double digit percentage increases, this past year has shown a decrease in value. For the first time in many years 'for sale' signs have the 'reduce price' sign added on." -- Ernie
"Houses are sitting on the market for more than a year. The only ones selling are those with substantial decreases in price, and even many of them remain on the market." -- Maureen O., Manorville, NY
"Hi Gang, I think I can say that without a doubt my home value has decreased somewhat (maybe 10-15%). I don't think that's so terrible after the huge run up in value in the preceding 5 years. More importantly though, for someone looking to sell their existing home, is the length of time it will take to sell that home. I don't need to pour over inventory figures or any other data to get a good idea about what's happening in this market; I think the most telling indicator is simply driving through the neighborhoods and looking at the FOR RENT signs. I hadn't seen nice single family homes for rent in years (about 1996-98) in my area... Now it is common. People can't sell their homes fast enough and need to generate some income as they move into new homes." -- Dan B., Shenandoah Valley, Northern Virginia
"More house for the money!" -- Linda I., Dallas, Texas
"The prices in my area have dropped a little, maybe 3 or 4% but there are so many homes for sale its taking at least a year to sell, just three houses down from me the house has been on market now for 2 years! I live in the central Florida area about 20 miles from Orlando." -- Tom P., Florida
"The prices in my neighborhood are down 20-50%. I'm talking about homes with your own dock 20 minutes from the gulf. It's a slice of heaven and affordable for the first time in 5 years." -- Mike G., Punta Gorda, Florida
"The cost of buying a house in my hood is significantly up. I would say about 20-35 percent. South Orange, NJ." -- Gary M., New Jersey
"A realtor in South Florida we are in a R.E Crash. Inventories have doubled in Broward County and are growing. The insurance, if you can find a policy to buy, and taxes are through the roof. Basically a six figure salary affords you a little bungalow, not on the ocean!" -- Greg D., Florida
"You can get a lot more but still has a LONG way to go on the downside." -- Adam B., West Palm Beach, Florida
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Data is a real-time snapshot *Data is delayed at least 15 minutes
