Asked by Steve, Queen Creek, AZ • Sun Jan 11, 2009
I live in a high foreclosure area of Phoenix, and I bought my home for 220K and it's now worth about 120K. I was looking at houses in north Phoenix which is an area I would like to move when the nightmare is over. My question is this.. Years from know when my home is worth enough to break even, how much more will houses in an area not hit as hard as mine be? Let's say I am looking for a home that is in Glendale, AZ for 330K now... When I regain 100K, what will the price of that 330K home be? Another question would be will homes in a hard hit area regain their values faster than a home in an area that held value will gain appreciation? When my home is 220K again, will that other home for 330K be worth 430K?
Real Estate in Queen Creek
Popular Categories in Queen Creek
Email me when…
Success! Your email alert settings have been saved. Access all your email alerts in your My Trulia account anytime!