It depends on the neighborhood. I live in a declining neighborhood. The house up the street has been for sale for almost a year. Despite numerous improvements and price reductions, no one is buying. It’s a nice house. In a really good neighborhood, it might sell for $200,000 or more. The seller is now down to $75,000 and still no takers. No one wants to live in a cesspool like this.
Hedge Funds are Buying houses.