real estate prices in new jersey. Whoa.

[sendbaht]

Here in Redondo Beach there are "For Sale" signs all over , more then I have seen in a long time. I spoke to a RR and he said, 10 years up then 5 years down. Home prices going down has just started.... hold on to your hat, it will be a blood bath.

Now for ya'll that love your home and want to stay..who cares if they go up and down, you have a place you love and not going to sell anyway.

[Lusitan]

I haven't bothered to look at whether the prices have moved or not, but here in my neck of the woods in N. Jersey, there are definitely a lot more "For Sale" signs up, and they're remaining up way longer, than 6 months ago. My guess is that prices may have come down a bit, but that most sellers are still holding out hoping for a higher price than they're likely to get anytime soon.

[craigt3365]

Here in Vegas prices are dropping for sure. And activity is way, way, way down. My good friend owns a title insurance company. He has laid off 8 out of 10 staff. Listings are up about 500% over last year. Great time to by buying, bad time to be selling.

[retire@40]

Quote:

Originally Posted by craigt3365 Great time to by buying, bad time to be selling.

The great time isn't here yet to be buying.

We are just at the beginning of the correction.

[tryan]

... yup, we're several years away from a "great time" to be buying.