I'm subscribed to this thread and will try to reply when I get an alert. Dan

What do you want to know?

Hello Dan,

I think I am like most people - my number 1 question about real estate is based on the state of the market and when it is going to recover. Do you think we are "at the bottom" of the cycle yet? Has it turned the corner? I understand the answer to this will vary from one state to another but in broad terms what are your thoughts?

The latest articles, indicators and surveys are reporting that in many places real estate has actually begun to bottom out and in fact is even nudging back up in some rare cases.

Your right when you say it is very location specific in regards to rising and falling or stable markets, Springfield Oregon actually is still appreciating at 5-6% annually while states like Florida have lost 30% on average over the last year in certain areas.

California due to demand remaining strong has leveled off after a sharp downswing while Detroit on the other hand has no bottom in site!

The Mid Eastern states , Carolina's, Tenn, Georgia are gaining new residents in great numbers as well with relatively solid markets in the better areas.

It really does depend on your local economic base right down to cities effected by new business, Military bases and contractors, oil rich states, overseas shipping ports, aircraft manufacturers etc...

Generally speaking I personally believe we are at or very near the bottom in a majority of the states that have been in free-fall as of late.

Inventories however are at 8 months for single family homes and that says things aren't expected to sell within 8 months of being put on the market at fair market Values. You have to buy at 40% discounts if you intend on reselling anytime within the next 2 years.

I guess we could go on and on here, where are you located and what are you looking at buying into product wise?

Fort Lauderdale _ I understand the tax laws in Florida are changing and should help kick start things, if so then it might be time to get serious. Long term I don't think you can go wrong down here unless of course the whole place sinks into the ocean..

Very cool. My Aunt lives below the airport there in Lauderdale Lakes. They lost a solid 20% of value during the drop off in values.

Just stay away from the condo's the market is flooded with them. I agree things are leveling off and stabilizing down there, Naples on the other hand is still overpriced and will be for the foreseeable future.

Hi All

I am new here. I just joined this forum today.

By the way, I am not residing in US but my brother in law is currently staying in the state of Colorado. Just would like to ask how's the real estate market condition there? He bought a house there some years ago.

Thanks.

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If he's in an upscale area he is doing just fine. A lot of baby boomers with money are making the nicer areas in Colorado their new home.

Just go to realtor.com and search for homes in his location that are similar in size, age and amenties and you'll know what things are going for there.$$$$$