Examining the home price boom and its effect on owners, lenders, regulators, realtors and the economy as a whole.
Visit Housing Bubble Blog
The Appreciation Train Has Virtually Stopped
Posted on May 15, 2008
The Daily Times reports from New Mexico. The San Juan County real estate market continues to be its own animal; active, healthy and stabilizing. That s not, however, to say it s an ideal market. Listings are probably up by about 25 percent, said Elizabeth Tafoya, president of San Juan County Board of Realtors. It s the most I ve ever seen. Today there are 12 new listings, and we re averaging at least 10 a day. Tafoya said quite a few sellers are dropping their prices by as much as $20,000 in the hope of attracting buyers. Prices are coming down, she said. ...
Original article link
Subscribe to Housing Bubble Blog