I’m still trying to sell my house so I can skip my 150 mile commute to the new job–and not having much luck, despite dropping the price on the house over 20K since January 1. And now, I find out I’m in the area of the US that fell the most in terms of home prices:
“home prices – those in Clinton, Eaton and Ingham counties – plummeted more than any other market in the country during the fourth quarter, the National Association of Realtors reported Thursday.
The median price – meaning half sold for more and half sold for less – fell 18.8 percent to $109,600 in the last three months of 2007. That was down from a median price of $135,000 one year earlier.
Real estate experts attribute falling prices to two major factors: the rising number of foreclosed homes on the market and job losses.”
I’m screwed :(
Other recent Michigan news at the Bug Blog: