How is your neighborhood holding up?

[grest Senior Member Find all posts View Profile Close grest]

We're not doing so well here...no signs of positive movement, sadly.

[joycapecod Silver Contributor Find all posts View Profile Close joycapecod]

We're not doing so well here...no signs of positive movement, sadly.

My son lives in Ocala and he's really upside down in the house he bought. He said it is worth about 60% of what he paid for it. The up side is that he has no mortgage and he does have a large lot. He's hoping it will eventually come back; he's not looking to make a killing, but would like to know he is at least even.

Joy

[pittle Senior Member Find all posts View Profile Close pittle]

I too, live in AZ. We bought a foreclosure house in July 2008 and until about March this year, there seemed to be houses for sale all around our subdivision. I was just noticing yesterday that there is only 1 for sale sign in the neighborhood and all the houses are occupied. I hope it stays that way. I know that other neighborhoods still have several signs on every street.

Our son is planning to move from Kansas City to the Phoenix metro area and so I am on the look-out for good deals a few miles from us.