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Viva_La_Revolution Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-20-06 09:37 PM
Original message
Local news "What some desperate home sellers are doing to attract buyers"
Film at 11.


Sounds like the Portland bubble may have officially burst.
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Demobrat Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-20-06 09:41 PM
Response to Original message
1. Well if you bought a house last year
with an interest-only ARM because you were planning on selling it this year at a hefty profit - things are tough all over!
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Iwasthere Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-20-06 09:48 PM
Response to Original message
2. HUH?
Am I missing a news link here? Film at 11 doesn't tell me a thing. I live in Portland (OR). ???
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Viva_La_Revolution Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-20-06 10:14 PM
Response to Reply #2
7. Hi Pat!
Channel 6 commercial - no link yet - apparently a story for the 11 o'clock news.
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MissB Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-20-06 09:49 PM
Response to Original message
3. I doubt it has burst.
But I wouldn't be surprised if it slowing down.
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Bobbieo Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-20-06 09:52 PM
Response to Reply #3
4. The Arizona Mkt has bottomed!
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Iwasthere Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-20-06 09:56 PM
Response to Reply #4
5. In Salem Oregon my house made 18 % from July 05 to July 06
They say it will likely be only 10 % this year. Guess i am in the right place. $50,000.00 profit for one year pretty good.
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Warpy Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-20-06 10:04 PM
Response to Reply #5
6. Zillowl.com listed my run down inner city house
I boght for $75K 10 years ago at $176,000 in March. I just looked again on Friday, and it's listed at $238,000.

I think they're nuts.
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borlis Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-20-06 11:19 PM
Response to Original message
8. It is really slow by me in northern IL
There are two houses on my street for sale: one on the market 1 year and 1 since Feb. and they are both 50k lower than the original asking price. I have also heard that some buyers are actually asking the sellers to pay their closing costs!
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