According to this realtor we are now pricing homes at 2004 levels. What about the realtor clowns who claimed prices would go up 20% for the foreseeable future!
Buyers now have the luxury of having more time and more to see. This is a welcome change from the past 3 years where the home buying frenzy gave them too little to chose from and not enough time to make a decision before the house was gone. A common occurance in this market is home sellers offering incentives on their homes such as help with closing costs or flooring allowances. There are many homes on the market priced below appraisal values. Some sellers are pricing at 2004 prices to get a quick sale
Saturday, October 14, 2006
Posted by Bakersfield Bubble at 12:58 AM