Mal ,'Ariel'
Off-topic discussion. Wanna talk about corsets, duct tape, or physics? This is the place. Detailed discussion of any current-season TV must be whitefonted.
FBI probes Countrywide for possible fraud
So here's MY completely clueless question: if Countrywide does get busted for something, what happens to people that Countrywide holds the mortgages for? (They weren't our original mortgage company, but took over/absorbed it.)
My parents have had their house (and barn, etc.) on the market for more than a year. I don't know if prices are going down or what, but I think there's much less actual buying and selling going on now.
Oh well. At least they got good money for the farmland. And the cows, etc....
Around here, they are staying on the market on average about 9 months and being sold for about 10%-20% lower than their asking prices.
Joe and I are thinking about the possibility of buying my grandparent's house. Maybe. Sort of. But only because we can get it for around $60,000. It's nothing grand, but it's about 2000 square feet, full basement, garage, yard.
Around here, and I suspect that includes Athens (Go Athens! Choose Athens!), people seem to be putting houses on the market at about the same price they were, but more houses have been sitting with a For Sale sign in front of them for months.
You know, it's almost 50 degrees right now and yet, it's supposed to snow sometime in the middle of the night.
We're in for some bumpy weather this evening, aren't we?
We're in for some bumpy weather this evening, aren't we?
Yep. About 6" of snow tonight/tomorrow.
Earlier they were forecasting ice pellets!
Don't say that, you midwesterners! We are flying to Cleveland tonight and neither I nor the kids have decent winter gear (any more, in my case).
I just googled "dance the hoochie coo standing on the corner." Google must think I'm looking for 1920's hookers.
Yesterday my boss decided to drain the gas tank of the snowblower and put it away from storage. Of course, he was joking at the time that because he'd done that, we'd get more snow (even though he thought we were through with large amounts of snow for the season).
Susan, just from what I've been reading on various economic/housing blogs, I'd hold off on buying for at least a year, and then see what the market is doing in Seattle. The foreclosures are just starting to happen now--many of the ARM mortgages haven't even reset yet. When they do, the foreclosure rate is going to skyrocket even more than it is already.
Well, we just renewed our lease, so we're staying where we are through 3/31/09. And we're only buying if the inheritance comes through, which is still not a certainty.
As for anecdata, there are definitely more houses on the market, and they're staying there longer. Two houses across the street from us have had for sale signs for months. And when DH and I were poking around realtor websites, we found a house we liked that had originally been listed at $420K that's now around $350K.