House I was looking to buy got snagged from under me.

[thefuzz]

Depending on the area of Wilmington, and the price range, houses out there are selling much faster than most believe.

The house I was looking at was on the market less than a couple of weeks. Kinda bummed.

[4Corners]

first

[Davidson Deac II]

We recently sold my Aunt's house after she passed away. House sold in about 3 weeks, albeit about $15,000 under market value.

[Jase]

house across the street from me got flipped and sold in a month. It's smaller and sold for more than I bought mine for 2 years ago.

[thefuzz]

If the news media would shut their traps, the market would rebound very quickly.

Word on the street is 5.5% in less than 20 months. If that doesn't make you jump off the fence, nothing will.

Even if a house you buy falls 15K after you buy it, the interest rate being as low as it is, and with the promise of rate hikes, it will make it worth it to get in now.

[mav1234]

I don't know if you heard, thefuzz, but the world is about to end, or at least the European Union, or maybe we'll default, or...!!!

[Happy Panther]

If the news media would shut their traps, the market would rebound very quickly.

Word on the street is 5.5% in less than 20 months. If that doesn't make you jump off the fence, nothing will.

Even if a house you buy falls 15K after you buy it, the interest rate being as low as it is, and with the promise of rate hikes, it will make it worth it to get in now.

The media is not driving anything.

The issue is that there is still 1 to 3 years of coming foreclosures that need to unwind before there can be any real housing rebound.

[Happy Panther]

The other issue is that a huge proportion of homeowners are underwater compared to the last century. These people are stuck in their homes thus removing a subset of possible homebuyers

[Darth Biscuit]

What part of town you looking in fuzz?

[thefuzz]

The media is not driving anything.

The issue is that there is still 1 to 3 years of coming foreclosures that need to unwind before there can be any real housing rebound.

Honestly, I have been looking for this info for a while now. I can't find concrete validated information on this subject. Almost seems like a rumor, although I am not saying it's wrong.

And yes, the media is, IMO.

[thefuzz]

The other issue is that a huge proportion of homeowners are underwater compared to the last century. These people are stuck in their homes thus removing a subset of possible homebuyers

I disagree in theory to this as well. There are millions and millions of home owners that didn't buy between 03-08. If you did, you are most likely upside down, but certainly not guaranteed to be.

Take out Nevada, Arizona, California, Florida, and Michigan, and we are 50% better as a nation right away.

[thefuzz]

What part of town you looking in fuzz?

Gordon road, Ogden side. Middle Sound road if possible.

[Jase]

http://bottomline.msnbc.msn.com/_news/2011/11/08/8687925-nearly-29-of-mortgaged-homes-underwater-report-finds

[Darth Biscuit]

Gordon road, Ogden side. Middle Sound road if possible.

OK, yeah... I'm down in the Monkey Junction area... lots of homes for sell there.