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What is the housing market like in your area?

Are there many houses up for sale that are just sitting? Or, are they selling when prices are slashed? Do you feel concerned by the foreclosures taking place right now in the U.S. coupled with many areas having trouble selling homes? The real estate industry came out with figures showing that sales were steady, however, I am not convinced of that at all. Sellers that are desperate are doing whatever it takes to sell their homes, so if the market is steady, it is at a price. What say you? BTW: In my state, things are better than in places like California, Florida, etc., where prices went too high too fast. ReNate-Where do you live...think I'd like to be on an island!

Public Comments

1. I live on an island. We are have a huge boom in houses because people figured out this is the best kept secret in the US and houses here are still cheap even though this is paradise.
2. too high got lottsa money come 2 calif
3. i live in IL and it sucks trying to find a house. there are no more starter homes. i live in the suburbs of chicago and a tipical house goes for 330,000 ive seen shacks that are 250,000. its sad four years ago my dad sold are house for 123,000 and we were asking 119,000. now they knock the house down and now its worth 400,000. all they do is knock down old homes and build these monsters that sit on the market ive seen 3 homes on my block that havent been sold yet they have been on the market for over 2years sad i hope we will go back to homes that are 100,000
4. Colapsed
5. And I'd love to be on an island , too !!! I'm in Texas... Houston... and Texas has always been and continues to be a steal compared to California !! But remember... there's a catch.... property taxes. We have no income tax here, but still.. it's really a hellavuh nice, relatively cheap place to live and you can buy a very nice home with little money down and decent monthly payments. But the island idea beats all !!!! I'm with you there !!
6. I live in Bay City, MI. There's at least 1 house for sale on every block in my area. Prices are dropping like rocks. Michigan's entire economy is in the sewer, not just the real estate market. 7% unemployment doesn't sell many houses. My wife and I bought a home last fall. We had hundreds to choose from in our price range. Most of the houses we looked at are still available.
7. there are over a hundred houses for sale here, with the most expensive being about 150,000 dollars. if you can make a living here you cant beat the prices...n.w.pa.
8. Our typical 3 bd. 2ba.Santa Clara home has dipped to an avg. $700K.
9. Foreclosures have definitely hurt the market for selling homes. The HUD homes which are flooding the market are priced at whatever price will get them sold quickly because the bank doesn't want the liability of a house tying up their money.
10. California is weird. Homes just skyrocketed where a 2-3 bedroom house can go for a mere $700K to a Mil and a half. People are claiming that the market is dropping, but considering seven years ago the same home was going for $395K, I don't think so. Apartment housing has tripled in the city I live in. Not only that the rents have almost tripled in the same amount of time. Apartments going for $650 five years ago are now going for $1650 to $1800 a month. You are right, prices went too high too fast. A lot of the corporations are participating in cutbacks and making employees re-apply for their original jobs with pay cuts. It's hurtin' out here.