Riverton. Houses on the market right now, are still artificially inflated, and people won't budge on selling price.
Its really nuts. Over 500 listings in Fremont county alone, and of course nothing selling.
I'd wait awhile, maybe another year....or three. Prices can't survive at what they are now.
What's hooking people in right now is for people to do "bridge loans", borrowing against the value of their home, in order to upgrade or move into something nearby. Then they have to pay the entire amt of the new place within 3 or 5years. If their house doesn't sell soon, they're screwed. Especially since they're buying a home now, at an inflated price. There will be a bunch of desperate sellers in 3-5 years.
Its all a scam IMHO.
Last edited by Wyogal; 04/22/17.
