The Housing Situation on our Street

January 11th, 2009 | 9:04 pm cdt

With all the talk of the housing market, I decided to take a quick inventory of the homes on our block. Of the 81 homes on the south end of our street there are 8 empty homes in some form of foreclosure, abandonment or sale. That equals about 10% of the homes on our street without occupants. Most of the homes have been empty for several months or more.

Empty Homes

  • We definitely wouldn't make any money on the house if we tried to sell now. Prices are about $10-$20K less than they were 3 or 4 years ago. So we're prepared for that. But in 2 or 3 years when we hope to be moving, hopefully the market will be better.

    I'm sure these numbers are elevated in our neighborhood since it's all "starter homes."
  • Jim
    Wow, that's quite a number. There are a few homes for sale around me, but I don't think they are in any form of foreclosure, thankfully. How badly is this affecting your plans to get out of Lavergne in the future?
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