Softer market means adjusting selling price
Real Estate: Softer market means adjusting selling price
BY ANNE STRAUB
FOR FLORIDA TODAY Selling a home in a buyer’s market takes flexibility and patience, and Arlette Wallace is demonstrating both.Wallace put her West Melbourne home on the market at $407,000, then lowered the price to $394,000, then dropped it again, to $382,900.
“You have to do what you have to do,” said Wallace, who plans to leave Florida and move near her family.
She compares today’s real estate market to the stock market of the 1990s when frenetic activity pushed prices to unrealistic levels, and the bubble burst.
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4 Comments
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Seems there should have been more government regulation and tighter qualification for subprime mortgages in order to prevent what we’re now facing.
Amanda
San Diego California Real Estate Agents
What were the government regulators doing while banks and mortgage brokers were issuing these subprime loans?
Becca
San Diego dentist
In 2005 most of the commenters on the real estate market were saying there’s no bubble and our mini boom would never end, this is a sure sign that an end is fast approaching.
Sarah
San Francisco California Lawyers