by keithold is a prodigal bagger on April 26th, 2008

keithold is a prodigal bagger

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Are property values in your area rising or falling?

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  • by jane doe fawn on September 20th, 2008

    jane doe  fawn

    both

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  • by Galeanda on April 26th, 2008

    Galeanda

    Sort of rising but it really depends on the property. If it's old then it's going down. If it's bare land or new construction it's up a bit. I live in a rather job poor, depressed area but people from New York City or Long Island, like to have a vacation home up here so there is a market for them.

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  • by needtoknow on April 26th, 2008

    needtoknow

    falling at a pretty fast rate,I hate to say it, but the house down the street won't sell at all, neighborhoods nice, just can't get a buyer.

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  • by Someguy on April 26th, 2008

    Someguy

    I live in USA, Georgia, Atlanta where property values are down about 7%. The good news is that since I bought my house, the value is up 32%.

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  • by Simply99 -- Not a fan favorite. on April 26th, 2008

    Simply99 -- Not a fan favorite.

    Personally, Sir, mine has gone up like 30% in the past year. Can't speak for anyone else here, as I have no idea or their assessments.

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  • by Anonymous on April 27th, 2008

    Anonymous

    Rising :)

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  • by Vampyre Bat on April 26th, 2008

    Vampyre Bat

    In my area they are falling but not rapidly (Suburban Boston area.)

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  • by baybeeD0ll on April 26th, 2008

    baybeeD0ll

    falling drastically

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  • by hazel1908 on April 26th, 2008

    hazel1908

    I live in S. Florida, the property values are falling more and more everyday.

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  • by marsha in n.s. on April 26th, 2008

    marsha  in n.s.

    I live in Nova Scotia, Canada. The property values here have risen dramatically in the last few years. Homes that were being sold in the $80000.00 range a few years ago are selling well over the $100000.mark now. I bought my current home 2 years ago and plan on getting $30000 more than what I paid for it, when I put it on the market this spring.

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  • by Prime wants the old AB back on April 26th, 2008

    Prime wants the old AB back

    Rising here as people are moving in from larger towns and cities seeking a quieter place.

    Of course, this can only go on so long or we will become one of those larger areas.

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  • by Eggman on October 16th, 2008

    Eggman

    Oct 16, 2008. After a 20% fall condos on the beach in Ft. Lauderdale, seem to be flattening out in value. However, prices for identical apartments vary more than they did two or three years ago.

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  • by meowry on September 12th, 2008

    meowry

    In the immediate area, falling. Dramatically so.

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  • by Bsweet. on September 12th, 2008

    Bsweet.

    Falling.:)

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  • by jangobean on September 12th, 2008

    jangobean

    Falling.

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  • by kanawar on October 16th, 2008

    kanawar

    In india property market continuously booming.

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  • by Anonymous on September 16th, 2008

    Anonymous

    I live in Panama City, Panama. This seems to be one of the few places in the World that has not been too badly affected by the credit crunch. I hope this continues to be the case. I believe this is due to the fact that the real estate market here is not driven by tourism; the tourism industry drives real estate markets in many emerging real estate markets. I would contact http://www.knightsbridgeinvest.com for more information of real estate in Panama, there service is very good and they do respond to your questions, unlike many other real estate companies I had contacted in the past.

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  • by seadog32073 on September 14th, 2008

    seadog32073

    falling like a parajumper

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  • by jefner321 on September 12th, 2008

    jefner321

    I live in Southern California and the housing market has taken a crash big time! I was in the real estate industry for 13 years...this is the worse I have seen.

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  • by erikko on September 3rd, 2008

    erikko

    here in our country, stocks and real estate are down as of this date

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  • by Scott D - ex-QnA on September 3rd, 2008

    Scott D - ex-QnA

    Minnesota has not been as adversely impacted as other markets. However, we have not been immune either. Some areas, however, have begun to rise from their bottoms.

    This has presented an interesting buying opportunity to many investors and first-time home buyers -- particularly in "bad neighborhoods".

    Personally, my home has probably lost $50K to $80K in value from its peak.

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  • by Roidz on August 24th, 2008

    Roidz

    Rising. Like 5 years ago wen my dad bought a house to rent, it was only like 30,000. Now houses smaller than that are like 50,000!!! Its def raising

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  • by 40ishVoiceofReason on August 16th, 2008

    40ishVoiceofReason

    Five years, it was going up. Now it's stopped and new construction is selling for less. My home holds its value on paper, but if I tried to sell it, I wouldn't get near the amount of the bank loan.

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  • by Ec-nal Licensed Bootie Inspector on August 15th, 2008

    Ec-nal Licensed Bootie Inspector

    Falling, any room at your place keithold?...:)
    (I'll bring beer yo...)

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  • by jin jang on August 15th, 2008

    jin jang

    They are falling about 20% and are figured to fall another 20%-30% after 2010.

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  • by Go know thyself is THE RED QUEEN on August 15th, 2008

    Go know thyself is THE RED QUEEN

    They fell fast and hard, then they stayed stablew but low for awhile now they are fluctuating so fast again but mostly to the negative...

    There will not be an improvement here for a few years at least.

    *Yet the million dollar homes right around the corner are doing just fine and dandy!

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  • by roadpup2 on August 15th, 2008

    roadpup2

    Falling. According to the local paper, they dropped 3.5% last quarter.

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  • by Lubba on August 15th, 2008

    Lubba

    Still falling but they are starting to level off. (Sacramento, CA)

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  • by Ed the Jetpacking Headbanger on August 15th, 2008

    Ed the Jetpacking Headbanger

    Falling slightly.

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  • by Needs some coffee on August 15th, 2008

    Needs some coffee

    Rising here.

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  • by Pete Parker on August 15th, 2008

    Pete Parker

    Rising slightly. Read about it before I moved there so I would come out on top.

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  • by Rollie on April 27th, 2008

    Rollie

    Starting to rise just a bit. (Midwest US)

    I worked on my house getting it ready to sell during the lull. Might have been successful: we'll see.

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  • by pitt fans on April 26th, 2008

    pitt fans

    Falling ... unfortunatly... probably for another 9 to15 months

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  • by TX Rules is sad about new AB on April 26th, 2008

    TX Rules is sad about new AB

    They are falling but not as fast as they were.

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  • by RosieGHM Jetpacker on March 10th, 2009

    RosieGHM Jetpacker

    Still falling, keithold. Your questions was asked almost a year ago when things were not so grim and liars/cheaters/thieves/criminals were scamming us. The fall continues and will probably continue through 2009 and even part into 2010 unless something causes the trend to change. Happy Tuesday! :)

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  • by anddeb on March 10th, 2009

    anddeb

    Value dropping and taxes going up.

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  • by --------- on March 10th, 2009

    ---------

    down in the hole

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  • by 123elementary on April 14th, 2009

    123elementary

    I live on the outskirts of Melbourne in Australia.

    We've been having a real property boom, but after so very long, homes closer to the CBD have become almost unaffordable.

    New freeways etc have seen the outer areas begin to appeal, and in turn, they're now being sought after, which has started another boom.

    We have a huge shortage of homes, especially rentals, so investors are buying up anything affordable for the booming rental market.

    Despite the Global Financial crash, Melbourne is the place to be for property investment, or even a reasonably priced first home, but you'd better hurry, because things are changing rapidly.

    The demand for new homes will be with us for at least the next ten years, which will only drive prices for existing homes even higher.

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  • by Gabe Quashnofsky on April 16th, 2009

    Gabe Quashnofsky

    in California, they are falling.

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  • by Twisted Taco on March 10th, 2009

    Twisted Taco

    Rising, of course. I own property on that island that's being formed off the coast of Hawaii

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  • by Phasoo on March 31st, 2009

    Phasoo

    In the Phoenix area, prices are way down.

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  • by Girlinthebubble on October 16th, 2008

    Girlinthebubble

    So. Cal. is dropping at a scary pace! We bought almost 3 years ago and our home's value is down about (more or less) 50%!!! I believe that it is due to THOUSANDS of foreclosures in our county alone! I feel very fortunate that our income hasn't decreased, however, due to the decrease in value as well as the loan that we were sold, our payment has nearly doubled.... Shit has hit the fan in my area!

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  • by Go know thyself is THE RED QUEEN on October 16th, 2008

    Go know thyself is THE RED QUEEN

    The bottom fell out months ago and there is no end in sight!

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  • by mrbuddhafreak on October 16th, 2008

    mrbuddhafreak

    Rising in a frightening way. And there are no rental properties to be found. The area where I live is in the middle of farming country where there have been bumper crops this year. Two ethanol plants are under construction. They are sinking holes for oil/natural gas and planning to put in a pipeline to move it out. And plans are underway to build a new potash (fertilizer) mine just ten minutes south of town. All of this is happening in a place with only 17000 people. When everything comes on line, the population will probably double.

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  • by Froggy on October 16th, 2008

    Froggy

    Alan Greenspan once said that people expect to get back their total amount of their house plus interest and taxes that they paid, when they sell. That still applies to my area. Except, people want a little profit on top of that also. Greedy !

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  • by jeanie16 on October 16th, 2008

    jeanie16

    on the way down, 10% drop on average to date, no sign of a let up yet, talk could be up to 25% within two years if current trends continue.

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  • by bunkyb on May 2nd, 2009

    bunkyb

    Our area, east of Atlanta, has been dropping for the last couple of years. We have a huge foreclosure rate. There are new subdivisions everywhere with vacant houses and bare lots. I sold my house 3 1/2 years ago for $145k now it would only sell if listed around $100-110k!

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  • by misskayrun on March 9th, 2009

    misskayrun

    Chicago Land

    Falling, but I hope they will show to be leveling off this spring.

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  • by ammar khan on May 21st, 2009

    ammar khan

    rising and rising due to the construction of over head bridge and under passes at the distence of 1 and 4 kilometer

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  • by 123elementary on August 10th, 2009

    123elementary

    I'm in Australia.

    I recently moved from country Victoria to Melbourne. I chose an area on the boundary of the Metropolitan area and rural Victoria.

    To my surprise, an outer ring freeway was announced and to add to this, an extension of an existing freeway was also announced to connect with it.

    Weeks later the extension of the Metropolitan rail network was also announced with two stations being planned near my new location.

    To add to my unbelievable luck, inner city prices had reached a stage where they were now unaffordable, so people began to look at the outer areas, driving prices up with their sudden but huge demand.

    With the announcement and beginning of construction of all of the above, people began to see these areas as so much more accessible due to the proposed new rail and road networks taking away the previous perception these areas were too far out.

    Besides these areas, prices seem to still be rising almost everywhere else in Victoria as well, though not as much as around here.

    I believe despite the spin surrounding a rising stock market, things are still a long way from recovery. I believe the stock market will move up and down for years to come as it's talked up and the profit takers move in and it falls again. This will happen over and over for years to come.

    I don't believe we'll see a quick recovery. At best it will still take years to fully recover.

    Unemployment will also rise again, good times are a long way off.

    Hold onto your money and trust no one.

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