Sleeping with the fishes?
Real estate expected to flounder yet another year
By Staff & AP Reports
Article Launched: 12/30/2006 07:31:22 AM PST
"The nation's house party ended with a thud in 2006, leaving everyone from condo flippers to Federal Reserve chairman Ben Bernanke waiting to see what would happen next. The sudden stall in home sales, home construction and home prices - and what that will mean for the economy - was voted the top business story of the year by U.S. newspaper and broadcast editors surveyed by The Associated Press. "Full Article.
Real estate expected to flounder in 2007
RACHEL KONRAD, The Associated Press
Donald Anthony has slashed the price on his four-bedroom, two-bathroom house by almost $80,000 — and added $40,000 worth of improvements, including a new kitchen and landscaping in the leafy yard."
"He's used three different agents. He's listed the 1,800-square-foot home — an immaculate ranch on a quiet cul-de-sac — on for-sale-by-owner sites, in newspapers, on cable television and community site Craigslist. He or his agents have spent at least 50 idle afternoons hosting open-house events."
"But the 74-year-old retired physicist cannot unload the house, now listed at $489,950 — well below the price of comparable homes in the fast-growing region between San Francisco and Sacramento." Full Article.
Real estate expected to flounder yet another year
By Staff & AP Reports
Article Launched: 12/30/2006 07:31:22 AM PST
"The nation's house party ended with a thud in 2006, leaving everyone from condo flippers to Federal Reserve chairman Ben Bernanke waiting to see what would happen next. The sudden stall in home sales, home construction and home prices - and what that will mean for the economy - was voted the top business story of the year by U.S. newspaper and broadcast editors surveyed by The Associated Press. "Full Article.
Real estate expected to flounder in 2007
RACHEL KONRAD, The Associated Press
Donald Anthony has slashed the price on his four-bedroom, two-bathroom house by almost $80,000 — and added $40,000 worth of improvements, including a new kitchen and landscaping in the leafy yard."
"He's used three different agents. He's listed the 1,800-square-foot home — an immaculate ranch on a quiet cul-de-sac — on for-sale-by-owner sites, in newspapers, on cable television and community site Craigslist. He or his agents have spent at least 50 idle afternoons hosting open-house events."
"But the 74-year-old retired physicist cannot unload the house, now listed at $489,950 — well below the price of comparable homes in the fast-growing region between San Francisco and Sacramento." Full Article.
1 comment:
"But the 74-year-old retired physicist cannot unload the house, now listed at $489,950 — well below the price of comparable homes in the fast-growing region between San Francisco and Sacramento."
Below what prices? Wishing prices or selling prices? The house will sell at the market price, just like anything else.
And BTW, I see he's yet another dummy who blew 80K on "improvements" which he won't get back. When will they learn.
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