SD R
I agree that clarification is needed and I dont believe that I said Lots of homeowners with alot of equity moving on, at least that wasnt my intention. What i have seen is more 50K price drops on the asking than I have seen in a while. I didnt take the time to comp them out but did check the tax records to see how long they were there in a few cases. I dont believe the asking prices represent new lows or big chunks down but rather a willingness of some sellers to try a find where the market actually is today. My general recollection is that these homes were owned for at least 10 years and were well maintained but in need of lots of updating/remodelling. Prices in my area are still relatively stable but I expect them to creep down ab it over the next couple months.
