In the MSP/SP area, it depends upon price. There is a shortage of houses (inventory) below 400k and they are selling well. Over about 1 million is actually doing pretty well too (compared to the last few years). It is the inbetween that is hard to sell right now.

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2009 ML320 Bluetec
1985 300CD
1981 300TD

Past Mercedes
1979 300TD
1982 300TD
2000 E320 4Matic Wagon
1998 E430
1984 300SD
1980 300SD

Down here in DC the real estate market is actually pretty good. The constant quadrennial influx of new people coming in and others leaving helps keep things in better shape here than in many other areas. In Arlington, where I live, the existing house inventory is actually lower than normal, which helps push prices up some.

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" We have nothing to fear but the main stream media itself . . . ."- Adapted from Franklin D Roosevelt for the 21st century

OBK #55

1998 Lincoln Continental - Sold
Max 1984 300TD 285,000 miles - Sold
The Dee8gonator 1987 560SEC 196,000 miles - Sold
Orgasmatron - 2006 CLS500 90,000 miles
2002 C320 Wagon 122,000 miles
2016 AMG GTS 12,000 miles

It's awesome in my neighborhood. Houses sell within a month and values help up through the slump. That's an advantage of city living in uppity areas.

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'07 Yukon 2500
'13 Subaru Outback 3.6R
'13 Orbea Carpe 9-speed

Currently Benzless
Formerly: 300TD, S600, E55, 560SEL

---= The forest breathes, listen.
-Native American elder

Texas is booming. Not sure how it is out in the boonies of Houston (you know those $150k homes that were built ALL OVER a rice paddy), but the decent homes inside Houston's decent neighborhoods are only on the market for about a week and usually have 6-8 offers. A lot of people moving down here and interest rates are the lowest they'll probably ever be.

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- Brian


1989 500SEL Euro
1966 250SE Cabriolet
1958 BMW Isetta 600

Real estate listings and sales go into hibernation during the summer months.

I could see a Californian wanting to live in Sedona or in the mountains. But why would they want to buy in the Phx area unless their idea is to live in CA off the income from renting to masochists?

Living in Sedona isn't for wimps. Other than tourists and red rocks nothing much up there for locals. Prescott and Flagstaff are basically small towns.

Better than roasting to death 6 months out of the year in Phoenix.

It has already been over 100 in Sedona several times this spring. I live fairly close. Californicators can be found in all parts of the state, mostly complaining that things aren't the way they were in CA and trying to change zoning or bring in "services" that they're used to. I have some neighbors who are retired CHP officers. Nice folks. They don't like them either.

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You're a daisy if you do.
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84 Euro 240D 4spd. 220.5k sold
04 Honda Element AWD
1985 F150 XLT 4x4, 351W with 270k miles, hay hauler
1997 Suzuki Sidekick 4x4
1993 Toyota 4wd Pickup 226K and counting

I wouldn't give you two ****s for Prescott or Flag either. Prescott is full of retired Californians spreading out all over the place like a cancer, and Flag is a formerly honest drunken rez border town turned foo foo college town that is pretty sure it's excrement doesn't give off any aromas.

Prescott does have a good beer store though. Plaza Liquors and Deli. Over 400 craft beers and the only decent selection of Rye Whiskey outside of Phx.

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You're a daisy if you do.
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84 Euro 240D 4spd. 220.5k sold
04 Honda Element AWD
1985 F150 XLT 4x4, 351W with 270k miles, hay hauler
1997 Suzuki Sidekick 4x4
1993 Toyota 4wd Pickup 226K and counting

Funny, my office is the same temp as my Honolulu office.

The six month statement is wrong, but as long as it keeps out the wimps, that's fine and feel free to tell folks that.

When i was a kid, it actually cooled off at night in Phoenix on summer nights. Not nearly so much concrete in those days.

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You're a daisy if you do.
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84 Euro 240D 4spd. 220.5k sold
04 Honda Element AWD
1985 F150 XLT 4x4, 351W with 270k miles, hay hauler
1997 Suzuki Sidekick 4x4
1993 Toyota 4wd Pickup 226K and counting

Interesting, so it seems like stuff is slowly but surely coming back. Its going to be a long haul back but the markets seem to be trending that way.

OTOH maybe my post was good luck, it seems like I sold another house today. Go figure.

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2016 Corvette Stingray 2LT
1969 280SE
2023 Ram 1500
2007 Tiara 3200

Hopefully, it will be a VERY slow comeback. Bubble-era prices were only good for speculators, and 95% of the people who are getting their sorry asses foreclosed on or have to sell short, deserve it.

Where does your 95% figure come from?

Yes there were unqualified borrowers, but there were quite a few folks that were making payments until they lost their jobs in downsizing in both the public and private sectors, not just subprime borrowers.