ST Alpha - "FWIW, the market here is a bunch of banks with foreclosed properties releasing them into the market with high asks. " (Reading a Post)

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In response to "Right, but this woman dropped it like 15% and there's a comp in the same building" by Will Hunting

FWIW, the market here is a bunch of banks with foreclosed properties releasing them into the market with high asks.

Posted by David (aka David) Aug 24 '13, 12:15

I'm not talking about Covington's situation as I fully agree he should not risk his dream home against $5k, particularly if SWAT shows up where he currently lives. His life is worth more than a quibble over $25 a month.

My point is that my anecdotal evaluation of the housing market in this area is that it's largely a mirage. People are being told that the recovery is in full force. In reality, many of the homes we have determined to be at least tolerable for our needs (we need a ranch home and live in the mountains...that's problematic) have asking prices that are not even meriting serious consideration.

Responses:

I dunno, Covington, what's the job market like there? Kelly and I loved that place. - Will Hunting Aug 24, 12:21 2
- Amazon's hiring at their distribution center. It's a short drive away. - CovingtonCat Aug 24, 12:27 1
  - *considers* - Will Hunting Aug 24, 12:28
Maybe it hasn't hit there yet, but we're seeing a lot of stuff being snapped up - Will Hunting Aug 24, 12:18 1
- I always have a hard time comparing our market to national trends. - David Aug 24, 12:21

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FWIW, the market here is a bunch of banks with foreclosed properties releasing them into the market with high asks.

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