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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: KyrosL who wrote (48412)2/12/2006 1:02:39 PM
From: Jim McMannisRead Replies (1) of 306849
 
RE:"The Porters initially asked $409,000 for their house at 627 Carnation Court, but they've cut the price to $369,000, said their real estate agent, Randy Bianchi of Paradise Properties in West Palm Beach. The Porters paid $279,000 for the house in 2004"

Zillow.com values that home at $363k. Below what their "price reduction" is. So basically they were just going for the greed.

If it gets down to $279k then it's significant.
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