Glut of Unsold Homes: Metro Supply Swells Near-record Level as Foreclosures Rise

Rocky Mountain News ^ | 4/07/2006 | By John Rebchook

[Crooked Constituent]

I've seen these kind of articles many times on FR and I repeat the same thing over and over: It depends on what specific market you are in.

Here in Waukesha County Wisconsin, real estate is in good shape, and still going up.

[Theo]

Definitely a mistake. Those losing their homes because of it are (sorry to be so heartless) Darwin Award winners.

[steve86]

I was recently offered the services of an American-born woman

Please, this is meant to be a family forum.

[wally-balls]

I just sold my family home in Quincy, MA @ $90,000 less than originally listed ($650,000). It was on the market for 7 months and I only had ONE family make an offer the entire time. With inventory in the 100's in Quincy (just south of Boston) I was fortunate that the buyer's relatives live right next door...that's why they bought it. Even though I reduced the price significantly I still feel that I sold on the high end and look forward to shopping for some bargains in the near future

[georgia2006]

housing bubble popped about 2 years ago in Australia with benign effects....i know you dotn want to hear that but it is true...what peopel are conveniently ignoring is that the housing meltdown in CA and NE in the period 1990-95 was made worse by cuts in defense spending and the end of the cold war.

[NHFREE]

I can see that the Bostom market is falling apart fast. Nothing is moving. NH seems to be holding up a little better, but it's flat, at best.

[wally-balls]

If I had listed only 3-4 months earlier I probably would have sold for close to the full amount. The bottom has certainly fallen out in the Boston area.

Looking for vacation prop in NH....can you recommend any "best kept secret" type towns close to lakes and mountains?

[Sam's Army]

"The economic law of supply and demand is about to kick in."

It was never out.

[durasell]

Uh, as a maid. The prices, as quoted to me, were below minimum wage.

[NHFREE]

There is a glut of new condos in the Laconia, Gilford area in the lakes region. A new townhouse with 3 bedrooms, 2 baths, granite kitchen, and hardwood floors will run you just under two hundered thousand dollars.

[photodawg]

In truth, nobody knows how this story ends
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The story never ends! That's the point. The only thing constant is change. Heraclitus said that 2000 years ago. It still applies. The last six years are no different than any other period. Change is always a part of the equation.