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What is the Housing Market At this time Like?

11.03.2009 · Posted in Work From Home Articles

In the existing status of the market, people at this time selling their houses are battling the lowest costs in decades. Buyers see the most purchasing value in as much time, and can only take advantage of those prices if they have the credit, cash-in-hand, job safety, and patience. In southern Pennsylvania, just north of my home in Maryland, there is a gorgeous home on sale for $279,000. When it listed, just prior to the recession kicked real estate prices to the sewer, this house went on the market for $386,000. $279,000 is actually an oddly high price for a residence in this market thinking about that, nationally, the first quarter of 2009 was roughly 13.6% lower than the first quarter of 2008, although the authentic amount is debatable, depending on time frames and types of houses. The Case-Shiller index reports a turn down as high as 19.1%.rnrnThe people who are best surviving the recession are homeowners who do not have to move and buyers with good credit and cash assets. Home building numbers are also down. I am not a prospective buyer right now, but just from nosiness, sometimes to just measure the housing market, I observe local homes on the market. Some have been on the market for quite some time, with prices reducing all the time. Sales are going up though.rnrnOne of my best friends bought a home recently in New Hampshire with her fianc

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