Profile picture for xpdhelo

why such low prices on homes in port st lucie?

my credit score is 787 and I live in NY. I am serious about buying but why so many people selling with very affordable mortgages??
  • August 17 2011 - Port Saint Lucie
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Answers (2)

Profile picture for wordsmth
Supply and demand. In this case, a lot more supply than demand.
  • August 17 2011
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One reason is that many of them owe way more than their homes are worth.  Others bought as investments and now find these homes worth around half of what they paid, so lots of folks selling.   

Some good deals to be had.  Just make sure you do your home work and get a good agent to help you when and if you start looking seriously.
  • August 17 2011
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