The recent purchase of homes by Nerak, Mastequilapf and GreatLakes, shows that there are buyers out there. What is the market like in your area? Our local newspaper printed an article the other day (gotta love the media
) that said that nation wide we are dealing with the worst real estate market since the great depression and that things won't improve until 2009!!
Considering that this is how I make a living, it scares the stuff right out of me. I have just reduced prices on all of my listings. Some by 15%. Builders here are slashing prices on new construction by 20%, plus offering other buyer incentives just to move inventory. I've been selling real estate since 1989 and have never seen a market like this one.
What's it like in your neighborhood?