Bought a house & property 10 or so weeks ago. Sold my house & property 5-6 weeks ago.
Houses are not selling as quickly as they have in the past 2 or so years.
Houses around 325K > 380K went very fast if at all desireable.
The buyers in that market are a little more cautious for a couple reasons:
1) loans a little higher
2) More houses on the sell for longer time- no big rush
3) the prices are dropping, not at all uusual to see a 400K home now reduced by 50k
4) everything slowing down
5) this situation feeds on itself
This is your average buyer, people that can afford 500K +homes ....little different situation
