maedchen

When Will the Housing Market Bottom?

We bought 2 new starter homes in NW-Florida in 2000/2001 for $70k/$74k, both 3/2/1 1200 - 1250 sqft. We made 650,- in rent each and later in 05 the rent was up to 1.050,- each. Then we sold them for $135k/140k .
The prices actually went up further to 160k, but then came back. Today the same homes are on the market for about $115k to $120k. This is still about 70% above the original price, though much more room to come down.
By the by, we were lucky with the homes, but lost the profits in the stock market.