Wait. Is this a real thing?See if the builder will take your current house as a trade, thus avoiding the commission hit.
Real estate in Marshalltown is surprisingly good with Fisher struggles. I think a lot of this is the fact that many employees commute anyway from Ames or Des Moines, so the housing market isn't affected too much by it. Especially when you consider the people who are let go are retirement age and probably own/won't sell their home, or newer employees, who are probably younger and way more likely to commute.i saw similar-styled houses in bondurant for at least 30k less. wonder why they are more expensive in marshalltown.
Real estate in Marshalltown is surprisingly good with Fisher struggles. I think a lot of this is the fact that many employees commute anyway from Ames or Des Moines, so the housing market isn't affected too much by it. Especially when you consider the people who are let go are retirement age and probably own/won't sell their home, or newer employees, who are probably younger and way more likely to commute.
Your current $175k is on about the top range though of what I think would sell quickly. It's rare for houses in the $100-150k range to be on the market for more than 30 days, seems most sell in about 2 weeks. Good luck selling that $281k house though if you ever need to.
you've said this many times. i know the constant underlying theme is to say fisher is struggling but everyone i know there is getting raises, no one has been fired, etc. is it not affecting younger people?
i told my wife we're not continuing the conversation for a reason you've mentioned - not many buyers in that range in mtown - plus we can get similar-sized houses for less money in the 10 year old range. TBH i like the mansions on west main st the best but those are either dumpy or overpriced for us.
Thought it was 3 but I guess it was 2 layoffs so far. I think they have reached a point though where the number of employees is sustainable in the current market, unless oil and gas tank some more.yes. everyone i know is 25-45 and an engineer. seems like every other person is a "manager".
Fisher has had 2 rounds of layoffs so far. They still give annual cost of living raises. I think it's more forcing early retirement, temp people, and people that have been there less than a couple years. So if you don't know people in those categories, it's business as usual
Wait. Is this a real thing?
Things were great when oil was over $100 a barrel. Current downturn isn't as bad as '08. Fisher isn't only oil and gas but $50 a barrel helps keep production sustainable in the US, been bouncing around that price since June '16.had things gotten better for them after '08? My husband was working there as an intern when the recession hit and they did that whole thing then too - chucking interns, temps, new hires, early retirement.
Sucked because he was two months into a nine month internship and had taken a semester off school for it.
Real estate in Marshalltown is surprisingly good with Fisher struggles. I think a lot of this is the fact that many employees commute anyway from Ames or Des Moines, so the housing market isn't affected too much by it. Especially when you consider the people who are let go are retirement age and probably own/won't sell their home, or newer employees, who are probably younger and way more likely to commute.
Your current $175k is on about the top range though of what I think would sell quickly. It's rare for houses in the $100-150k range to be on the market for more than 30 days, seems most sell in about 2 weeks. Good luck selling that $281k house though if you ever need to.
I'm curious about this too. How does it work?
What would have needed to happen/exist for you to live in town and not commute?
The south side is the better bet, either that or out Lincoln Way past the towers. The area between Southridge and Olive all sells quickly. I wouldn't spend over 200k either.I'm sure it's the lower end operators that are getting let go which is leaving the market in the 150+ range status quo.
We looked all over the north end and while there are some beautiful houses up there, especially north of Jerome at 5th/6th St, we couldn't get over the surrounding houses. There are quite a few 100-150k houses in my neighborhood that have been sitting unsold for quite some time. I just can't figure out where the market sits in Marshalltown and ultimately we are leaving town and commuting because of it. I just did not feel comfortable spending over 200k on a home knowing we won't be in it for 10+ years or whatever it may be.
We looked all over the north end and while there are some beautiful houses up there, especially north of Jerome at 5th/6th St, we couldn't get over the surrounding houses. There are quite a few 100-150k houses in my neighborhood that have been sitting unsold for quite some time. I just can't figure out where the market sits in Marshalltown and ultimately we are leaving town and commuting because of it. I just did not feel comfortable spending over 200k on a home knowing we won't be in it for 10+ years or whatever it may be.
$200k is a pretty high price in Marshalltown. There are plenty of nice homes for under $200k, even $150k, they just aren't newly built. When we were looking, there were a lot of homes built late 70's and 80's that were renovated. I don't know too many people personally looking to buy houses over $150k, the one that was ended up building in Ames. On a side note, town houses seem to sell pretty well in town too.isn't part of the problem the catch-22? everyone is saying they wouldn't spend over 200k which means no one updates their house, which means no one will pay more for it?
isn't part of the problem the catch-22? everyone is saying they wouldn't spend over 200k which means no one updates their house, which means no one will pay more for it?
I live in this area (just west of you) and you're right that a lot of houses in that price range do sit for awhile, but I think that's because of: 1. location and 2. the house itself. We bought our house last year (after the second day of it being on the market) and there were two buyers right behind us wanting to put an offer in if ours fell through.