The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: koan who wrote (265427)	8/1/2010 1:01:13 PM
From: techlover1	Read Replies (5) of 306849

There are some places that are booming. My wife took a job in North Carolina near Camp LeJune on the East Coast of NC. They are expecting an influx of 70,000 people in the next two years in surrounding counties from the military buildup and retirees. The real boom seems to be in building rental property. We rented a house in New Bern NC and the rental market is tight, but there are a lot of houses for sale. People can't get financing because they want high credit scores and a large down payment. I am still in northern New Jersey and trying to sell our house. The market of for sale properties is glutted. There are so many it is scary. Nothing seems to be moving. My neighborhood in Wayne, NJ looks like Las Vegas there are so many For Sale signs. A lot of people look but obtaining financing freezes the process. Saw another 2 % drop in house prices after the 8,000 dollar tax credit ended. Credit for the average person who is earning a decent salary has to loosen up to solve this. I think it is really that simple.

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