Is it just me, or are there some sellers and brokers that have not been paying attention to the last year economically, and more importantly, this last month.
Home values across our great country, and our entire economy, have been in free fall. One would think that in most SECOND home destinations, home values would be down and it would be an opportune time buy, if one had the means to do so.
However, in Ludlow Vermont, sellers are raising prices on houses that have been on the market over a year. Yes, the houses sit on the market forever and then the sellers raise prices, even now. Brokers and sellers think it is still 2004.
Can someone explain this to me. Many people in my hometown have lost jobs and can barely pay their mortgage on their primary residence. Yet, in Ludlow, Vermont (OKEMO) they seem to be standing pat on price.
Eventual Ski Home Owner