Just because a local housing market has sunk like a stone, doesn’t mean it can’t drop some more. Here's a list of cities that are overvalued, undervalued and fairly priced.
If California is an indicator of the US real estate market, then the tide could be turning. Discounted higher-priced homes are beginning to sell, following a frenzy of activity with foreclosed properties.
Florida, perhaps more than any other state, epitomizes the dramatic rise and fall of the nation’s housing market. Though the state continues to struggle with high foreclosure rates and an excess of available homes, leading indicators suggest its residential market is on the road to recovery
Thankfully, the two-year-long storm in the Mid-Atlantic housing market appears to be over. In pockets of the region, the sun is beginning to peak through, and homes are again being bought and sold. But, like the weather, the recovery is variable.
Indeed, some areas fell victim to the same woes that dragged down large markets in New York, Florida, and California, while others are currently experiencing boom-era price increases
“We are not a speculative group of people. Instead [New Englanders] tend to be very conservative and don’t get into as much speculative behavior. That’s why prices didn’t drop as much."
The slashed prices have left what many consider a wealth of bargains across the country. Take a look at these homes that have seen about a 20 percent drop in price since being listed.
Here are states with the 10 highest foreclosure rates in July 2011, according to RealtyTrac's July 2011 Foreclosure Market Report.
In a buyer's market like the current one, many homeowners can't even sell their house. Here's some tips compiled from various realtors and real estate experts.
Relocation.com, a Web site that helps consumers relocate, crunched numbers from 500,000 searches conducted on the site in 2008. These 10 cities drew the most interest.