How much has the area changed since '05?

[wrightflyer]

Originally Posted by mike1003

Supply and demand


We were offered (local realtor well respected on behalf of client) twice what our home would reasonably sell for.


No interested, we are not on the market. If we sold, we couldn't afford new home to move into

This! I cannot justify selling for 25-30K more than I bought for 2.5 years ago because anything else I buy is going to be just as if not more expensive due to price inflations. I think that may be part of the supply problem with resales being so low as well. Plus COVID and economic uncertainty, though these are starting to ease.

That and for a long time new construction was at a trickle and only recently heated back up. But now with construction and material costs rising faster than they can build, it is only going to get worse before it gets better.

[mdovell]

It's in Loveland. The thing that gets to me is I remember 2008 and frankly it didn't seem to be that much of a hickup at the time. Didn't go down much because it didn't go up much. But now....


like I said the last time I was there was 2005. Much of what they have in the place was top the line say in the late 80's early 90's. I wouldn't say it is poorly maintained but it hasn't been updated in maybe 25-30 years.

[blickcd]

Should be easy to sell, even if outdated inside. If you wanted to spend some money to update the kitchen, master bath, do anything else to 'freshen it up' you should get your money back and then some.

[Ohiogirl81]

Originally Posted by mike1003

No interested, we are not on the market. If we sold, we couldn't afford new home to move into

I'm in the same boat here (suburban Philadelphia), and even though housing prices here haven't gone up as much (because they were much higher to begin with), I still couldn't sell my current house and find something comparable in another part of the region.

And I certainly couldn't afford to buy my old house in Madisonville! I guess you really can't go home again. *sigh*