re: Home prices are now contracting at levels only seen 2 times

quote:

---

DFW isn't seeing it.

---

Not true. My "value" has dropped 20% in the last year.

Example: neighbor's home two doors down: 2.5 years ago, no pool, 3 car garage, 4 br, 3 ba, 3450 sf sold for $825k.

A year ago, the house next to me, also same size home, no pool, but on a larger cornet lot, sold for $725k.

The value of my home, 325 more sf, with a pool, culdesac lot, custom workshop, was valued at $915k 2.5 years ago. Now it's down to $725.

That's a drop of 20% in value.

quote:

---

DFW isn't seeing

---

We def saw it. Our house sat on the market for a month and it went decently under asking. That wouldn't have happened a year ago.