Having purchased a new home after we quickly sold our last home (within the past year) and watching sites like trulia, I can only conclude concerning the areas we were watching. Atlanta Metro has gotten better for sellers. The areas rural (like ours) still aren't up to par, but most homes in better school districts are selling within a month. Values here started out high last Fall but fell approximately 5 percent late summer. Values in SW Florida went up on a middle class type home about $50,000 (I watched and realized I lost my chance at the remaining auction or bancruptcy/short sales left) The other region I watch (mid to N.E Ohio) went up this spring and now probably due to weather approaching have lowered about $5,000 to $10,000.
I don't think we can make any sure statement except if the number of homes available is down, then it is more a sellers market. When new builds compete with older homes it is harder to sell comparative sq. footage homes unless you price your home lower than new builds.
I'm not a realtor, just watch the stats and discuss things with good realtors.
Don't care who you all vote for except that idiot Hillary!... more