I just ran the numbers. It looks like home owners are continuing to drop their prices to sell their homes. It reminds me of the title, "The Good, The Bad, and The Ugly" You see the market is just right for most of the buyers out their. They are purchasing homes for the price of what homes were selling for almost two years ago. That is the Good. The bad refers to all those home owners who are having to drop their price. The ugly is the rise in foreclosure we are seeing. Although there has not been a large increase in actual foreclosures we have seen a jump in the number of homes in default (the beginning of the foreclosure process)
On a positive note, the local economy is still thriving and it appears that once this price correction is over with our values will hold strong.
Now is a great time to buy in St. George.
skip to main |
skip to sidebar
As the broker of Help-U-Sell Consultants I receive a lot of phone calls asking about the state of our market. I hope this can be a forum in which future residents and investors alike can receive the important information they seek. St. George and its sorrounding area is an incredible place to live and work.
Blog Archive
About Me
- St. George broker
- St. George, Washington, Utah, United States
- Broker/ Owner of Help-U-Sell Consultants in St. George,UT.
No comments:
Post a Comment