Tuesday, April 28, 2009

From across the pond: how low can they go?

Another House "Deal of the Week"

Here is the price history for the featured 1,442-square-foot home: July 1997: $60,000 August 2006: $330,545 January 2009: $96,000 This isn't an outlier; this is pretty much the neighborhood average. Homes similar to this 1,442-square-foot, single-family house have been selling left and right in the $100,000 to $120,000 range in this area. Dropping into five figures isn't uncommon. How much is the mortgage payment on a $96K home? Probably just over $500 per month for principal, interest, tax, and insurance. ------ [The number of transactions seems to be picking up in California now that prices have fallen to affordable levels. I wish the UK would hurry up and crash properly too!]

Posted by drewster @ 01:35 AM (758 views)
Please complete the required fields.



One thought on “From across the pond: how low can they go?

  • It’s taken USA 4 years to get there, we are just in the first quarter!

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>