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For those familiar with the housing market - question for you...

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itsbabytime
LIF Adult

Member since 11/05

9644 total posts

Name:
Me

For those familiar with the housing market - question for you...

Where would you say housing prices are today relative to 2004 - more, less, around the same? If someone paid $X for a home in 2004 and did relatively nothing to the house and were to sell it now in 2010 would you say the value should be the same, more or less? Thanks in advance!

Posted 8/8/10 6:48 PM
 
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LadyBugN2Buggies
<3

Member since 5/10

6691 total posts

Name:

Re: For those familiar with the housing market - question for you...

i would venture less

Posted 8/8/10 8:13 PM
 

ave1024
I Took The Wrong Road

Member since 12/07

6153 total posts

Name:
That Led To The Wrong Tendencies

Re: For those familiar with the housing market - question for you...

Depends on the house and area. Some areas are still selling very well right now. Some areas are getting hammered.

If you are looking at a house that somebody bought in 2004, it doesn't really matter what they paid for it. The house is worth what somebody is willing to pay now.

2004 was also before what I feel was the housing "peak" in 2005.

Posted 8/8/10 8:47 PM
 

JandJ1224

Member since 6/06

5911 total posts

Name:
Jannette

Re: For those familiar with the housing market - question for you...

Looking in my market I would say prices are similar to those from 2004

Posted 8/8/10 8:51 PM
 

CouponKT
Our family is complete

Member since 6/06

16494 total posts

Name:
K

Re: For those familiar with the housing market - question for you...

I say very similar being that we bought our place in 2004 and it is valued the same today

Posted 8/8/10 9:37 PM
 

-Lisa-
---------------

Member since 5/05

6530 total posts

Name:
Lisa

Re: For those familiar with the housing market - question for you...

relatively the same as 2004/05 values, but it truly depends on the area. Some were hit much harder, and other neighborhoods can see increases over 2004 prices.

Message edited 8/8/2010 9:55:27 PM.

Posted 8/8/10 9:55 PM
 

Mrs213
????????

Member since 2/09

18986 total posts

Name:

Re: For those familiar with the housing market - question for you...

I'd say less than what they cost 2004-ish...

Posted 8/8/10 9:55 PM
 

Goobster
:)

Member since 5/07

27557 total posts

Name:
:)

Re: For those familiar with the housing market - question for you...

Generally the same or a bit less in some cases.

Posted 8/8/10 10:09 PM
 

itsbabytime
LIF Adult

Member since 11/05

9644 total posts

Name:
Me

Re: For those familiar with the housing market - question for you...

Thanks ladies - you are all pretty much confirming what I thought.

Message edited 8/8/2010 10:13:43 PM.

Posted 8/8/10 10:13 PM
 

Goobster
:)

Member since 5/07

27557 total posts

Name:
:)

Re: For those familiar with the housing market - question for you...

I want to add that homes bought in 05-07 seem to be coming on alot less than what they paid in my experience.

03 and 04 are holding their own overall.

But alot of it comes down to the area, high demand or not so much.

Message edited 8/9/2010 12:03:02 AM.

Posted 8/9/10 12:02 AM
 

JohnGardner
LIF Infant

Member since 7/10

54 total posts

Name:
John

Re: For those familiar with the housing market - question for you...

Hi,
If you're comfortable with this and you live in Nassau or Suffolk, give me your address and i'll give you a good idea of what your home value is.

I am a Realtor, but i absolutely don't mind helping. It's just a few clicks on the keyboard for me.

Best,
John

Posted 8/9/10 9:46 AM
 
 

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