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Saturday, August 2, 2008

Another Price Drop

So it has been a while without any price movement on the Pimmit Ct. house, FX6640385, but it looks like Re/Max is finally headed in the correct direction by pricing the property at $350,000. The price is lower than what Zillow estimates but given as houses in the area have been selling under the Zestimates I question if a Zestimate really means anything at all.

On the upside the house is only now out of market by not having any upgrades compared to the other properties we have watched in Pimmit Hills. As they didn't keep up with their price drops, at this rate it might end up in foreclose before it sells.

Adding another foreclosure to the books of the banks will not help the Credit Crunch.

I wonder how McCain is doing with HIS multitude of houses in this market.

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