Daisy, Other/Just Looking in Sacramento, CA

what was real estate market like in 2004?

Asked by Daisy, Sacramento, CA Mon Oct 27, 2008

market in 2004

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President Bush said that homeownership was at an all time high. But many were not really home owners, they just thought they were home owners. Many of them are now thinking "I should have rented". The whole industry will suffer for many years to come (banks, builders, realtors, brokers, etc, etc, etc) and rightly so. Good Luck, wait a few more years to buy, house prices are still declining.
0 votes Thank Flag Link Mon Oct 27, 2008
In 2004, anyone in the real estate business was dancing in the streets. There were buyers everywhere and not enough homes on the market to go around.
0 votes Thank Flag Link Mon Oct 27, 2008
In Ocean Grove, like other local Jersey Shore communities, the market was strong. Prices appreciated in the double digits that year. Since then, the downward market has brought us back to 2003 prices, fyi. So, eventhough there was that spike in pricing, you can now purchase at 2003 prices. If you would like information on the Ocean Grove market, you can go to my website below and order a free, no obligation, no pesky realtor calling! Market Snapshot. It will not only show you current listings, but you will also be able to get current sales information, too.
Web Reference: http://www.dianeglander.com
0 votes Thank Flag Link Mon Oct 27, 2008
In our area, 2004 was great. The investors came into our fast growing community, bought the majority of the homes on the golf course to rent out. Now you have your pick of about 20 foreclosures in the golf course starting at $135,000. I have sold two in the past few months, one for $168,000 and one $200,000.
They also bought up their share of the new homes from the builders and they are also now foreclosures. The buyers were also promised great returns on their homes by the lenders, interest only loans, 80/20 first and seconds. Now we are #1 in foreclosures in Nevada
0 votes Thank Flag Link Mon Oct 27, 2008
2004 was great.... houses were selling at a brisk pace. too bad the greedy lenders had everyone refinance and took their equity leaving them now with houses they owe more on than they are worth.
Web Reference: http://www.ScottSellsNH.com
0 votes Thank Flag Link Mon Oct 27, 2008
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