Homebuyer confidence is on the upswing - The Explorer: Features

Homebuyer confidence is on the upswing

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1 comment:

  • John Flanagan posted at 12:50 pm on Fri, Jul 11, 2014.

    John Flanagan Posts: 333

    AH...but the untold part of the story is that the buyers market is indeed milking the blood out of the sellers in Arizona, hardworking people who have seen the values of their homes plummet in a continuing downward spiral. So the realty companies and appraisers keep the prices artificially low....screwing the sellers out of thousands of dollars in lost equity. Of course, no mention of reducing commissions or closing fees, but sellers are told....too bad....it is the economy. At one time, a home easily brought a profit when a homeowner sold it, but now most people take a big loss, break even, or make a tiny profit, if any at all. I don't know who you can blame. Wall Street? The banks? In any case....owning a home for a few years....after paying top market value for it years earlier...means prepare to sell at a loss if you decide to move or downsize. I don't care about these glowing public relations reports.....the American Dream is alive for buyers maybe...but for sellers it is a terrible nightmare.


     

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