Property sales mighty brisk in our area.

[painterswife]

The house beside us sold for 850,000.00 It sold 5 years ago for 895000.00. It has been on the market now for three years. We did not think they would get anything close to that. All of the 5 properties close to us that were on the market for the last 3 years have now sold within the last few months. My property taxes have gone down for the last three years. I guess they are about to go up again.

[Jena]

Darn it. I am looking to buy in Wyoming and was hoping prices would stay low awhile longer yet. I can't decide on what part of the state to live in.

[plowjockey]

They're going up here too.

Lots of foreclosure, getting new roofs and someone finally moving in.

Glad we purchased last year.

[houndlover]

Selling like hotcakes around here, people getting asking price, or in some cases, bidding wars are giving them more than asking price. Investment companies, sometimes banks, sometimes other private companies, buying them up for two reasons, to break up and sell smaller properties, and because the rental market has skyrocketed due to all those who have lost homes or can never afford to. Interest rates are still favorable and slated to rise, so many are getting in while they still can.

[willow_girl]

I clean a lot of houses in a newer Ryan Homes plan, everything built within the last 5 years. About a year ago I started cleaning a house that was the last on on its street. This year, there are at least 15 houses going up beyond it on either side of the street. All of these homes are in the $220-290,000 range.

[Tiempo]

Noticing it here too, my friend who is a real estate agent and has had a rough few years said she suddenly has buyers pouring in.

I've noticed a ton of sold signs going up on properties that've been sitting for ages.

[Ambereyes]

Here in Texas it was a very small down turn that was short lived. Also lots of new businesses have started. Many new ones from out of state.

[mistletoad]

On Tuesday I saw something I had never seen before - a "coming soon" for sale sign on a house - the house looked nothing special but I noticed there were no other for sale signs in the neighbourhood.

[MoonRiver]

Interest rates are expected to rise soon. People trying to take advantage of current, super low interest rate.

[arabian knight]

Yes and that is what is happening. The economy is still in the Porcelain facility.

[plowjockey]

Originally Posted by MoonRiver

Interest rates are expected to rise soon. People trying to take advantage of current, super low interest rate.

This is a good thing.

Raising rates will help control inflation and finally help out the savers and bond buyers.

[fordy]

..............NY times says institutional investors are investing heavily in homes hoping to stay on the Upside of the demand curve which is forcing regular home buyers to commit and pay higher prices . , fordy