Ouch! I’m new here so cut me some slack. I was just repeating what my realtor said. “Oh, this is definitely the bottom, you should buy now before prices start going back up”
I’ve done some of my own research and there are currently 4 1BR units listed at this complex, 2 of them at 215K, 1 at 219K and one at $240K (good luck).
I agree with you that it will get much worse. The 1BR units were going for approx. $130K in 2002. Do you think we’ll see those prices again.
Also, I’m still curious as to whether the 2 units I mentioned before were foreclosures or short sales. How can I find out?
