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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: orkrious who wrote (171005)12/12/2008 7:15:39 PM
From: Lizzie TudorRead Replies (1) of 306849
 
for the local RE chronicles, the house that my wife used to live in with her ex and which she sold in 1984 is on the market. my wife sold it for roughly $92k. it's now a foreclosure listed for $102k. in many cases prices here are back to where they were 25 years ago.


Whats really amazing about that, is that in 1984 92K represented a decent Northern California house. Not great, but ok. Something like this, sold for 103K in 83, peaked at 635K in 2007, now an REO for 500K (will probably sell for 520K or something since the REOs are getting multiple offers here).

redfin.com

So houses in MI have been flat for 25 years while in N California they have appreciated between 400-800%. Amazing and probably a look at what this area's future is.
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