It's just a prelude of what will be happening in Europe on a wide scale.
This is a home we visited in July 2006. List price was: $333 000.
Now 12 months later, the same home in the same community costs $265 000.
Prices in Europe have a lot more to fall. A semi detached home in Flanders costs about 200 000 euro (= $284 000) ... Auch that's gonna hurt when prices readjust to inflation.
Thursday, July 12, 2007
Home prices crash in the United States
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1 comment:
All things equal you would be right about the future drop, but I'm afraid that we are not looking at the same situation...:-(
Tony S
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