stbugs, on 03 Jun 2013 - 12:19, said:
moleculo, on 03 Jun 2013 - 12:14, said:so it seems like local real estate is picking back up. Two houses in my hood just sold for asking price, being on the market for a month or less. Right now, based on the sales price of these houses, i'm probably back to very close to my original purchase price in 2008.
Houses in my neighborhood have been moving fine for a while now, but there is no more building. Another house just went under contract, seems like it is only taking a month or two for most houses. Price wise, I am definitely still down from 2006, but I also sold my old one for more than it was worth and put a lot more options (which I wouldn't recoup) in knowing we wanted to stay here for a long, long time. I see no changes in those plans, I can't imagine moving before my kids are all off to college, which is another 12 years, so that would be 20 years in the house before even thinking of going elsewhere. Hopefully the mortgage will be gone by then as well, so who knows.