Havasu Housing Market

[Mandelon]

I was out there last weekend and what do you know? Lots of homes around $200K... Those were the ones that used to be around $300K...
Lots of places for sale. Thousands of em. Same as in Southern Cal. Prices are starting to make sense again. Still a lot of downward pressure coming though.
Is it doom and gloom? or just the cyclical reality of the housing market....
Lots of opportunities for folks with cash. :idea:

[TCHB]

I feel you can get a lot for your money for the next 12 months. A lot of nice homes for sale and prices ok.
A lot of inventory
Interest rates ok
Home prices down
You can never pick the top or bottom of a market so my advice is to pull the trigger soon if you are looking.

[CA Stu]

I was out there last weekend and what do you know? Lots of homes around $200K... Those were the ones that used to be around $300K...
Lots of places for sale. Thousands of em. Same as in Southern Cal. Prices are starting to make sense again. Still a lot of downward pressure coming though.
Is it doom and gloom? or just the cyclical reality of the housing market....
Lots of opportunities for folks with cash. :idea:

"But NOW is the best time to buy!!!!!" <--Every moonbat realtor.
GMAFB
You were right, and so was I.
I still think it's another 9-18 months of price erosion before we see a bottom, and I reckon it'll be 20 years before we see a peak like the one of 3-4 years ago.
Baby boomers downsizing from their current houses won't buy a 4000 sf home in the suburbs, and there will be zillions of them on the market.
Thanks
CA Stu