I’m in Crowne Hill. Foreclosures seem to have dropped off, but there’s still short sale activity. My neighbor is actually moving up to a bigger house. His current home is the exact same model as mine and he has listed it for about 15% more than the refi appraisal I got a year ago.
It all seems strange. An eerie calm. Seems like there should have been more pain before this was over. Could it be the eye of the storm?
I think the large number of people that have stopped paying mortgages is generating some cash flow for the economy that eventually has to run out. I have no predictions for the future, but personally I’m going to be cautious.
