I couldn't agree more with everything stated in the article! It definitely is a buyers market right now in the lakes region.
My wife and I have been watching closely for the past couple years and right now we are seeing some beautiful real estate sell for 30% or more less than just a couple years ago. Many homes that are for sale are second homes and the economy simply does not justify or allow the cost of owning a second home for many. Owners are cutting their losses and moving on, bad for the owners but good for buyers.
If your trying to sell a home...well, lets just say take a loss or be patient until the market rebounds. I do personally feel the market has bottomed out and depending on what happens in the upcoming election will begin to turn around.
Dan
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