A place to congregate, visit and discuss the issues impacting our community.
Tuesday, February 22, 2011
Housing Prices NOT Rising
We may wish otherwise, but housing prices are at the lowest they have been in years. In some cases the prices have reached year 2000 levels. Depending on what occurs next, they may keep falling. Not good news for those looking to sell soon. I completed a refinancing, but the appraisal mentioned continuing downward pressure on prices/valuations. I think I'll get a mask and snorkel since I expect to be underwater soon.