Listing Season is in Full Gear
Posted by marymangold on January 31, 2008
There aren’t many real estate sales that closed in January. 7 or 8 pending transactions on the books. The 3 sales from the past 5 days involved vacant land deals in the region. 72 Acres did sell on Red River Road, same location where my new listing for a custom log home resides. The 72 Acres was listed for $699K and closed substantially lower to a non-resident of the area.
This winter has been especially healthy in the amount of cold and snowfall, replenishing are drought ridden acquifers and will help when fire season returns. Once better weather begins to appear more readily, folks who want to escape the cities to a simpler existence, or to search for a vacation getaway, will return with funds to spend.
As most seem to agree, we are somewhat insulated here in the region of Idaho County from the fraud and foreclosure pony show going on in other states, and even in densely populated cities of Idaho. Nonetheless, there are those even in our midst who will suffer from the seeds sown in the markets of yesterday.
I spent a few minutes this morning catching up on the last 60 minutes segment that spun the story of complete and utter mortgage fraud.
The whole story is downright disgusting, from the words of the consumers all the way to the impacts to our world economy. The Global Economy needs an INTERVENTION. Reality TV may be able to shake some sense into the world. But of course, its someone elses fault. Lets blame it on Sadam Hussein. He’s dead, so he won’t care.
