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The tale of 2 markets!!!!

By
Real Estate Broker/Owner with Crown Key Realty, Inc; Tracy & Mountain House Sales and Property Management 01490605

Home in Tracy

 

Listen Carefully and I will tell

you the story of "How the Market Fell".

The home on the left was for sale you see

sold 13 days only in 4/06 for $425,000 woah wee.

Fast forward now to December 2008

to see what will be this homes fate.

Will it sell for more, will it sell for less?

I'll bet you won't have to think hard to have a correct guess.

New CMA, New BPO, a new REO is how this will be sold.

The price will be much less we're told

than the price it was in 2006

if we're lucky it'll sell for $146K

So as you can see our market's declined

to a state where we wonder will it we ever survive.

Houses can't go much lower "they" all say

I hope not I think as I kneel down to pray.

I pray for the people that thought they bought

the American Dream is what they sought

what they found was a nightmare and much heart ache

Now to a Rental their family they take.

 

Ok - this was my very lame yearly attempt at poetry!  Problem still remains.