Housing prices in the Twin Cities have fallen for the first time in 20 years ... the subprime problems don't seem to be abating.
So what's your housing plan for 2008? Are you going to refinance? Put off buying? Find the opportunites within this slump? What? Tell me here or down below.
Minnesota Public Radio News has already heard a few tales - such as a guy who owns property and works as a home inspector. The slump is good because he can find properties cheap. But it has a dark side - he's getting no inspection work and is struggling to make the day-to-day ends meet.
There are dozens of others from people who bought a home recently - to those with their house on the market for months.
This topic is worth getting at from the ground level.
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Comments: 3
There are buyers out there. They are looking for the deal.
I am refinancing. I started the process a week ago, and should be seeing my paperwork come through sometime this week. I originally applied for the home equity loan because I need the money to get me through this slump, and to do some remodeling. Now I see another advantage. Lower interest rates by the time I sign!