Trulia Voices—20882

Top Voices      Member Search BETA      Create a profile

Ask a question

Browse

Search

e.g.: "San Francisco, CA"
e.g.: "Parks" or "Schools"

Email me when:

RSS
 
Share this: 
  • del.icio.us
  • Digg
  • Reddit
  • StumbleUpon
  • NewsVine
 

Will there be more inventory of single family houses in the 800-1000k range in Montgomery County, Maryland.?

With more houses awaiting foreclosures, do you think it will affect the higher single family home market? Thanks for your input
Sat Apr 12 2008, 07:04 - 20882 - Home Buying - 3 answers
 
Useful
(0)
 
 
Not useful
(0)
 
  report get email alerts email a friend
 
Ann
Home Buyer
in Montgomery C...
Ann, Home Buyer in Montgomery C... in Montgomery C...
Answers (3)
Show me:  Recent Answers     Oldest Answers     Highest Rated  
 
Vanessa Plan… was FIRST TO ANSWER
Ann, As Mansur said, no one can predict the market, however I believe we will have lower foreclosures in $800K+ properties in compare to $400K < price range!

Reza,

Mon Apr 14 2008, 19:20
Web Reference: http://www.20878Homes.com
 
Useful
(0)
 
 
Not useful
(0)
 
 
report
 
Yes there will be plenty of inventory to choose from. Doubt anyone on this forum would be able to accurately predict number of upcoming foreclosures. As long as you are working with a good agent who is tuned to the market you should be able to get specific market advice relevant to your situation. Lender willingness to back higher priced homes has declined quite a bit.

Sun Apr 13 2008, 17:58
Web Reference: http://www.buymeahome.net
 
Useful
(0)
 
 
Not useful
(0)
 
 
report
 
FIRST ANSWER
Ann,
It is affecting homes of all demographics. While statistics have shown that homes in upper price echelons are not as affected as lower priced homes, foreclosures are still occuring on "higher" priced homes.

Vanessa.

Sat Apr 12 2008, 08:33
Web Reference: http://www.SoldByVanessa.com
 
Useful
(0)
 
 
Not useful
(1)
 
 
report
 
[+] Save this question Send this question to a friend
Permalink: http://www.trulia.com/voices/Home_Buying/Will_there_be_more_inventory_of_single_family_hous-30518--recent

Check out more Home Buying questions in 20882...

Peggy Magnan…, Real Estate Pro in
Rules on Home Inspection -
Answered Sun Mar 16 2008, 12:19 by Peggy Magnanelli in 20882
Read all 8 answers
View more Home Buying questions and answers in 20882 >>