No John............. Not as bad as Vegas though. We've lost about 15% in a year here, but it's not over yet......and we didn't GO UP 50% in a 6 month period like Vegas did.
The most listings I've ever seen in this East Bellevue area has been 225 (under a million bucks) and that was about Sept/Oct of 2007................Today there are 279. Not good. And I expect 300 by mid July..............
Same amount of homes coming on the market..........just not selling. I've only made about $100K so far this year, that's the lowest in 15 years.................Especially when your bills are about $14,000 a month........I'm burning cash as bad as CYTR..............One of my cash accounts has already dried up, and I got an extra $40,000 on the credit cards.
Have made about $160,000 in the market in 11 months, but that's in one of my two retirement accounts........that I can't touch.........
The worst thing is I don't expect real estate to get any better untill 2011/2012..............OUCH! The Fed has been cutting rates, but the banks are hoarding the cuts. Mortgages are NOT COMING DOWN............only savings and CD RATES....
What are ya liking these days................??????
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