Not so bad here

With everything we've been reading and hearing about the housing market, it seems that the sky is falling everywhere. I think the housing markets in Las Vegas, Florida, et. at. have left America with the conception that markets everywhere are sinking, sinking, sinking. While the bubble from the early 2000’s has most certainly popped, I really don’t think the overall housing market is as bad as CNN and other news outlets lead us to believe. Case in point: A house on our block went on the market on Monday and yesterday evening as I pulled onto our street, I was quite surprised by the “Under Contract” sign. Yep – 1 day on the market. That - after our neighbors were told by their first realtor that they would only get $560k – and they decided to list at $699k. Granted the ‘yellow monster’ on our block has been for sale for over a year – but vastly overpriced at $1.3M. If you price it right, they will come.