Real estate expected to flounder in 2007 - AP
Real estate expected to flounder in 2007 - AP
By Rachel Konrad, AP Business Writer | December 14, 2006
ANTIOCH, Calif. --Donald Anthony has slashed the price on his four-bedroom, two-bathroom house by almost $80,000 -- and added $40,000 worth of improvements, including a new kitchen and landscaping in the leafy yard.
He's used three different agents. He's listed the 1,800-square-foot home -- an immaculate ranch on a quiet cul-de-sac -- on for-sale-by-owner sites, in newspapers, on cable television and community site Craigslist. He or his agents have spent at least 50 idle afternoons hosting open-house events.
But the 74-year-old retired physicist cannot unload the house, now listed at $489,950 -- well below the price of comparable homes in the fast-growing region between San Francisco and Sacramento...
By Rachel Konrad, AP Business Writer | December 14, 2006
ANTIOCH, Calif. --Donald Anthony has slashed the price on his four-bedroom, two-bathroom house by almost $80,000 -- and added $40,000 worth of improvements, including a new kitchen and landscaping in the leafy yard.
He's used three different agents. He's listed the 1,800-square-foot home -- an immaculate ranch on a quiet cul-de-sac -- on for-sale-by-owner sites, in newspapers, on cable television and community site Craigslist. He or his agents have spent at least 50 idle afternoons hosting open-house events.
But the 74-year-old retired physicist cannot unload the house, now listed at $489,950 -- well below the price of comparable homes in the fast-growing region between San Francisco and Sacramento...
posted by Patrick Leblanc at 9:48 AM
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