14159 Natalma Ct., Leesburg, VA 20176
4 beds, 4 baths, 4310 square feet.
Price: $644,900
Zillow.com shows four sales transactions since being built in 2005.
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Bubble Meter is a national housing bubble blog dedicated to tracking the continuing decline of the housing bubble throughout the USA. It is a long and slow decline. Housing prices were simply unsustainable. National housing bubble coverage. Please join in the discussion.
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The best way to get the housing market thriving again is to drop prices to the point where supply equals demand. Home sellers might not like it, but it's good for buyers and it's great for Realtors.
For Realtors, the best way to make more money is to sell houses quickly, and the best way to sell houses quickly is to convince the seller to drop the price.
For Realtors, the best way to make more money is to sell houses quickly, and the best way to sell houses quickly is to convince the seller to drop the price.
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2008
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October
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- Let home prices fall
- Renters support Obama over McCain by 5-to-2
- Homeowners unrealistic about home prices
- Happy Halloween!
- Bits bucket for Friday, October 31
- The Washington, D.C. economy
- Housing bubble cheerleaders endorse Gerry Connolly...
- Irresponsible homeowners to get bailout
- Bits bucket for Thursday, October 30
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- Laffer: The age of prosperity is over
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October
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$644K is priced to sell?!?!?!
ReplyDeleteThis home has the exact same problem as the one from last week. It is way out in the middle of nowhere.
That house is not sexy, but it is unappealing.
ReplyDelete$200,000, and that is my final offer.
Haha. I could offer 200K myself, but I would be afraid they would accept, so I guess I won't make the offer.
ReplyDeleteLooks like it's never been lived in. Must be a speculator special. It doesn't look like to bad of a house, kind of a generic, suburban style home. Since I work downtown, I wouldn't want that kind of commute. For someone that works in Reston, it might not be too bad.
ReplyDeleteLike most houses around here, the problem is in the pricing. This appears to be a typical upper-middle class home, but the price is out of reach to a typical upper-middle class income. Plus, the housing industry has overbuilt this type of house, so there is an excessive supply of these homes.