<b>Housing market pain not revealed<b>
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Housing market pain not revealed by stats
Home sellers are crying but the data doesn't seem to reflect their woes.
NEW YORK (CNNMoney.com) -- We hear lots of stories about the pain:
An Indiana man writes to say he can't sell his house even asking less for it than he paid - four years ago.
A Duluth, Minnesota, reader writes, "The housing market is brutal, has been for months. Prices dropping at least $20,000, some as high as $60,000 just to get them sold. Most aren't selling even with the drop."
It's not just the Rust Belt.
A reader from northeastern Connecticut moved to Maine and can't find a buyer for his previous house even though all he's looking for is to sell for what he owes.
A Gulf Breeze, Florida, reader reports, "The market here went sky high and now went down - houses are selling cheap and people are not buying."
http://money.cnn.com/2007/01/11/real_estate/housing_pain_statistics/index.htm?postversion=2007011118
Home sellers are crying but the data doesn't seem to reflect their woes.
NEW YORK (CNNMoney.com) -- We hear lots of stories about the pain:
An Indiana man writes to say he can't sell his house even asking less for it than he paid - four years ago.
A Duluth, Minnesota, reader writes, "The housing market is brutal, has been for months. Prices dropping at least $20,000, some as high as $60,000 just to get them sold. Most aren't selling even with the drop."
It's not just the Rust Belt.
A reader from northeastern Connecticut moved to Maine and can't find a buyer for his previous house even though all he's looking for is to sell for what he owes.
A Gulf Breeze, Florida, reader reports, "The market here went sky high and now went down - houses are selling cheap and people are not buying."
http://money.cnn.com/2007/01/11/real_estate/housing_pain_statistics/index.htm?postversion=2007011118
작성일2007-01-11 21:47
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