My area sales price is about average compared to most of the city, but my own house is really entry level (way below the average price of $214K :roll:) In my zip code, there were 207 Active listings in August, and 30 of those sold.

He was actually right on the money with this call.I'd say we are at level 4 rapidly approaching 5.

I believe the current market does hold some risk but carry high level of opportunity.See you on the forums

If you want to experience real estate deals without using your own money, then being an agent is a good option for experience in sales.Property management will give you experience on the management level but not necessarily on the investor side of it.Since you already bought your home "pretty much with cash" then it looks like that was your first real estate purchase as an investor.

Though it's entry level, it's still a nice 3/2 in a nice area, and I want to keep it that way.

I dont know if the value of anything that anyone owns is ever under their control..............but I think that the answer to the question on the topic is obvious....Developers are holding to property longer because of the overall institutional freeze on lending and credit markets, and the effect that it has had at the retail level.

Im assuming that it is at the county level of where you purchase it.

Short Sales and foreclosures have contributed to our declining valuesThis statement is wrong on so many levels it is not even funny.

Lets get this mess cleaned up sooner rather than later, and get back to a level of sanity.

No matter what level you're at, what a great time to have any liquidity at all.....