As everyone surely knows, the housing market is in an incredible slump. Housing prices have dropped, sales have dropped, etc.
When we bought our house a little more than six years ago, there was a new subdivision going up nearby. The sign said “From the $170s” ($170,000s). Over the years, the number increased – the $180s, $190s, $200s, $220s. There are still new houses going up in the subdivision – very similar to the ones that have gone up all along. But over the past year or so, the “From the” numbe has gone down.
And now? The sign says “From the $140s.” (Thanks Dad for pointing that out.) That’s SEVENTY THOUSAND DOLLARS less than the same houses were selling for a year or two ago. A third less.
I am SO glad that we got Big Brother into that new school this year. We were tentatively planning (last spring) to start looking for a new house this summer, but that has now been put on hold indefinitely.
Anybody here having problems because of the housing market? Or, on the flip side, anybody benefitting by purchasing their first home at a great price, or anything like that?