I was cruising through some of the older posts, to see what has changed. Mostly the folks who posted here...
But I came across this one. So here is the question again, In your area what is happening to land and home values?
Here in CT it is staying just below the peak. We have a lot of NY city money around, and folks like to buy when the market stalls. Since their money is doing nothing in stocks, land is usually a sure thing for long term ...in this area.
With the rates low and prices coming down in other areas of the country, now is the time to start paying attention if you have that home-ownership dream.
I was checking out the Land between the lakes in KY because of a magazine article I read. The prices for some homes are in the $25,000 range. To me that is unbelievable. Now I do not know the area, however I am sure I could rent to someone who is interested, if that where my ways of earning a living.
I'm sure Glenn or Square Eye would know. But this is also a great vacation spot, I may visit with my family some day.
Realty and construction have slowed a little in my area, nothing to get excited about for me yet, but I do have a real idea of what may be on it's way.
What is happening in your area? What are your plans?