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Existing-home prices fall for 1st time in 11 years

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I don't plan on selling any time soon. If I do have to sell, I have quite a comfortable cushion betweeen present value and what I owe. Bottom line, we aer ok. I feel for those that recently bought and need to sell.

Daniel

:energetic:


Ana (Mexico) ------ Daniel (California)(me)

---------------------------------------------

Sept. 11, 2004: Got married (civil), in Mexico :D

July 23, 2005: Church wedding

===============================

K3(I-129F):

Oct. 28, 2004: Mailed I-129F.

~USPS, First-Class, Certified Mail, Rtn Recpt ($5.80)

Nov. 3, 2004: NOA1!!!!

Nov. 5, 2004: Check Cashed!!

zzzz deep hibernationn zzzz

May 12, 2005 NOA2!!!! #######!!! huh???

off to NVC.

May 26, 2005: NVC approves I129F.

CR1(I-130):

Oct. 6, 2004: Mailed I-130.

~USPS, First-Class, Certified Mail, Rtn Recpt ($5.80)

Oct. 8, 2004: I-130 Delivered to CSC in Laguna Niguel.

~Per USPS website's tracking tool.

Oct. 12, 2004 BCIS-CSC Signs for I-130 packet.

Oct. 21, 2004 Check cashed!

Oct. 25, 2004 NOA1 (I-130) Go CSC!!

Jan. 05, 2005 Approved!!!! Off to NVC!!!!

===============================

NVC:

Jan. 05, 2005 ---> in route from CSC

Jan. 12, 2005 Case entered system

Jan. 29, 2005 Received I-864 Bill

Jan. 31, 2005 Sent Payment to St. Louis(I864)

Feb. 01, 2005 Wife received DS3032(Choice of Agent)

Feb. 05, 2005 Payment Received in St. Louis(I864)

Feb. 08, 2005 Sent DS3032 to Portsmouth NH

Feb. 12, 2005 DS3032 Received by NVC

Mar. 04, 2005 Received IV Bill

Mar. 04, 2005 Sent IV Bill Payment

Mar. 08, 2005 Received I864

Mar. 19, 2005 Sent I864

Mar. 21, 2005 I864 Received my NVC

Apr. 18, 2005 Received DS230

Apr. 19, 2005 Sent DS230

Apr. 20, 2005 DS230 received by NVC (signed by S Merfeld)

Apr. 22, 2005 DS230 entered NVC system

Apr. 27, 2005 CASE COMPLETE

May 10, 2005 CASE SENT TO JUAREZ

Off to Cd. Juarez! :D

calls to NVC: 6

===============================

CIUDAD JUAREZ, American Consulate:

Apr. 27, 2005 case completed at NVC.

May 10, 2005 in route to Juarez.

May 25, 2005 Case at consulate.

===============================

-- Legal Disclaimer:What I say is only a reflection of what I did, going to do, or may do; it may also reflect what I have read others did, are going to do, or may do. What you do or may do is what you do or may do. You do so or may do so strictly out of your on voilition; or follow what a lawyer advised you to do, or may do. Having said that: have a nice day!

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"The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies."

Senator Barack Obama
Senate Floor Speech on Public Debt
March 16, 2006



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I think that we bought just in time, and have no plans to sell anytime soon. I fell sorry for people who bought and have to sell (withouth accumulating any equity), but I also feel sorry for those who bought using escalation clauses. There are several properties in my community that are for sale, and one has been on the market for at least a month.


Sept. 27: Filed AOS, EAD and AP

Oct. 6: NOA for AOS, EADand AP received, case was moved from the DC office to MSC

Nov. 23: Biometrics and fingerprint appt.

Nov. 24: AOS and EAD touched

Dec. 3: EAD arrives in the mail!

Sept 19, 2005: E-filed EAD renewal

Sept. 20: I-485 transferred to CSC

Dec 20: RFE notice received

Feb. 13, 2006: RFE received in CSC

Feb. 23: AOS approved

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I think that we bought just in time, and have no plans to sell anytime soon. I fell sorry for people who bought and have to sell (withouth accumulating any equity), but I also feel sorry for those who bought using escalation clauses. There are several properties in my community that are for sale, and one has been on the market for at least a month.

Just a month? My townhome complex has had half a dozen units on sale, 2 of them since May. The most recent one was listed a month ago and is still out there.


Man is made by his belief. As he believes, so he is.

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I was talking to someone about this the other day. I think things are finally catching up with the builders. They hurried to make as much money as they could they were building #######. They threw them up and got as much money as they could and now people are realizing what ####### is out there and they are starting to look at even older houses that were built more solid and to a higher standard.

Least that is what I am seeing in my area.

Paul

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I was talking to someone about this the other day. I think things are finally catching up with the builders. They hurried to make as much money as they could they were building #######. They threw them up and got as much money as they could and now people are realizing what ####### is out there and they are starting to look at even older houses that were built more solid and to a higher standard.

Least that is what I am seeing in my area.

Paul

I have heard this too.

What area are you in?


Man is made by his belief. As he believes, so he is.

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I was talking to someone about this the other day. I think things are finally catching up with the builders. They hurried to make as much money as they could they were building #######. They threw them up and got as much money as they could and now people are realizing what ####### is out there and they are starting to look at even older houses that were built more solid and to a higher standard.

Least that is what I am seeing in my area.

Paul

I have heard this too.

What area are you in?

this is rampant in FL. the construction industry hires many unskilled carpenters.

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Well, for us it's a welcome development - we will have to buy a house sooner or later. The prices are still nowhere near a "fair price", though.

I think I'd like to see the prices decreasing slowly (no more that 5% a year) over the next few years. And yes, I DO feel for those who bought recently.

Bartek

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Well, for us it's a welcome development - we will have to buy a house sooner or later. The prices are still nowhere near a "fair price", though.

I think I'd like to see the prices decreasing slowly (no more that 5% a year) over the next few years. And yes, I DO feel for those who bought recently.

Bartek

I just can't imagine buying a house at these prices though. I am glad I bought into the market over 10 yrs ago. Do you think the prices will fall drastically? Or how much do you think they will fall or need t fall to entice new buyers?

Daniel

:energetic:


Ana (Mexico) ------ Daniel (California)(me)

---------------------------------------------

Sept. 11, 2004: Got married (civil), in Mexico :D

July 23, 2005: Church wedding

===============================

K3(I-129F):

Oct. 28, 2004: Mailed I-129F.

~USPS, First-Class, Certified Mail, Rtn Recpt ($5.80)

Nov. 3, 2004: NOA1!!!!

Nov. 5, 2004: Check Cashed!!

zzzz deep hibernationn zzzz

May 12, 2005 NOA2!!!! #######!!! huh???

off to NVC.

May 26, 2005: NVC approves I129F.

CR1(I-130):

Oct. 6, 2004: Mailed I-130.

~USPS, First-Class, Certified Mail, Rtn Recpt ($5.80)

Oct. 8, 2004: I-130 Delivered to CSC in Laguna Niguel.

~Per USPS website's tracking tool.

Oct. 12, 2004 BCIS-CSC Signs for I-130 packet.

Oct. 21, 2004 Check cashed!

Oct. 25, 2004 NOA1 (I-130) Go CSC!!

Jan. 05, 2005 Approved!!!! Off to NVC!!!!

===============================

NVC:

Jan. 05, 2005 ---> in route from CSC

Jan. 12, 2005 Case entered system

Jan. 29, 2005 Received I-864 Bill

Jan. 31, 2005 Sent Payment to St. Louis(I864)

Feb. 01, 2005 Wife received DS3032(Choice of Agent)

Feb. 05, 2005 Payment Received in St. Louis(I864)

Feb. 08, 2005 Sent DS3032 to Portsmouth NH

Feb. 12, 2005 DS3032 Received by NVC

Mar. 04, 2005 Received IV Bill

Mar. 04, 2005 Sent IV Bill Payment

Mar. 08, 2005 Received I864

Mar. 19, 2005 Sent I864

Mar. 21, 2005 I864 Received my NVC

Apr. 18, 2005 Received DS230

Apr. 19, 2005 Sent DS230

Apr. 20, 2005 DS230 received by NVC (signed by S Merfeld)

Apr. 22, 2005 DS230 entered NVC system

Apr. 27, 2005 CASE COMPLETE

May 10, 2005 CASE SENT TO JUAREZ

Off to Cd. Juarez! :D

calls to NVC: 6

===============================

CIUDAD JUAREZ, American Consulate:

Apr. 27, 2005 case completed at NVC.

May 10, 2005 in route to Juarez.

May 25, 2005 Case at consulate.

===============================

-- Legal Disclaimer:What I say is only a reflection of what I did, going to do, or may do; it may also reflect what I have read others did, are going to do, or may do. What you do or may do is what you do or may do. You do so or may do so strictly out of your on voilition; or follow what a lawyer advised you to do, or may do. Having said that: have a nice day!

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Share on other sites

I think that we bought just in time, and have no plans to sell anytime soon. I fell sorry for people who bought and have to sell (withouth accumulating any equity), but I also feel sorry for those who bought using escalation clauses. There are several properties in my community that are for sale, and one has been on the market for at least a month.

Just a month? My townhome complex has had half a dozen units on sale, 2 of them since May. The most recent one was listed a month ago and is still out there.

In the DC metropolitan area, a month is a very long time....this is just in my subdivision, but there are houses sitting on the market longer. I think that this is also because sellers haven't realized that the bubble either has or is bursting. There are a lot of people still overpricing their homes.

Well, for us it's a welcome development - we will have to buy a house sooner or later. The prices are still nowhere near a "fair price", though.

I think I'd like to see the prices decreasing slowly (no more that 5% a year) over the next few years. And yes, I DO feel for those who bought recently.

Bartek

The caveat being that interest rates remain stable....


Sept. 27: Filed AOS, EAD and AP

Oct. 6: NOA for AOS, EADand AP received, case was moved from the DC office to MSC

Nov. 23: Biometrics and fingerprint appt.

Nov. 24: AOS and EAD touched

Dec. 3: EAD arrives in the mail!

Sept 19, 2005: E-filed EAD renewal

Sept. 20: I-485 transferred to CSC

Dec 20: RFE notice received

Feb. 13, 2006: RFE received in CSC

Feb. 23: AOS approved

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I bought a Condo in Toronto in 1989 for 164,500. In 1999, 10 years after buying it, I sold it for 130,000.

Nice investment ... NOT! Oh well... ####### happens with real estate. Buy it to live in and enjoy. The capitol gains, if any are a bonus :-)

Edited by cmartyn

IR1

April 14, 2004 I-130 NOA1

April 25, 2005 IR1 Received

April 26, 2005 POE Dorval Airport

May 13, 2005 Welcome to America Letters Received

May 21, 2005 PR Card in Mail

May 26, 2005 Applied for SSN at local office

June 06, 2005 SSN Received

June 11, 2005 Driver Licence Issued!

June 20, 2005 Deb gets a Check Card! Just like Donald Trump's!

Citizenship

Jan 30, 2008 N400 Mailed off to the VSC!

Feb 2, 2008 N400 Received at VSC

Feb 6, 2008 Check Cashed!

Feb 13, 2008 NOA1 Received

Feb 15, 2008 Fingerprint letter received. (Feb 26th scheduled)

Feb 18, 2008 Mailed out the old Please Reschedule us for Biometics <sigh>...

Feb 27, 2008 Received the new scheduled biometrics.

Mar 15, 2008 Biometrics Rescheduled.

Sep 18, 2008 Interview Letter Recieved.

Nov 11, 2008 Interview Passed :-).

Nov 14, 2008 Oath Cerimony.

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