Mother Talkers

Real estate woes

Tue Nov 27, 2007 at 05:04:45 AM PDT

We are in the process of moving. When I say process, I mean p-r-o-c-e-s-s.  My husband got a new job, two hours north of our old town, in the same area as my mom (yippee!). We sold our home and now we are in an apartment. It's very nice, new, all furnished, full kitchen, linens, so all we had to bring was ourselves and what we need for the foreseeable future until we find a home, the rest went to storage.

So, now we are house hunting among talk of "Buyer's Market!"  On the ground it doesn't feel that way. We're looking at houses that are still listed at pretty much peak prices, while reading all of these dour forecasts that housing prices are going to tank over the next 2, 5, 10 years. The houses that are on the market in the town we like have been on there forever. But their list prices have hardly budged.  Are sellers delusional? Are they just hoping things pick up in the spring? Stubborn? Who knows.

Media reports like this don't help:

Housing woes have domino effect
There's going to be a lot of pain
Jersey joins nation in worsening housing slump

What do you see where you live? Are we really headed towards a market crash? Should we stay in this rental until it happens?

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Tags: real estate (all tags)

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