Help! Home for sale - update

Over the past seven months we chronicled the difficulties of several Americans trying to sell their homes in slow markets. Here's a look at how they're doing today.

The Coreys: Going strong
The Coreys: Going strong
Dave Corey was a successful investor for years, buying, fixing up and quickly selling properties, first in Vermont and then in Florida.

The market turned around so fast in the Ocala area last year that he got caught, stuck with one of his properties before he could sell it at the price he wanted.

He needed to sell the house for close to $180,000 to make it worth his while and the property was drawing no offers at that price. His solution was to offer it as a lease-with-option-to-buy transaction.

That attracted a renter/buyer and when we last talked to Corey in early February he was optimistic that the deal would result in a sale; the tenant was paying promptly and seemed very motivated to become home owner.

That optimism appears justified now.

"My tenant is going to buy the house within a month or two," reports Corey. "He has been pre-qualified for a mortgage."The rough experience failed to dampen Corey's enthusiasm for flipping and the housing slump may be just the recipe for him to even up his activity. He says he just bought a bank foreclosure, a three-bed, two-bath of 1,700 square feet. He says it's appraised for $209,000 and he bought it for $155,000. He's putting it up for sale at $184,900.

"Hopefully, the market will come back," he says.

The Coreys

The Jantzens

The Otts

The Williamses

The Eatons
We profiled some real estate investors when the markets were hot. How are they doing as real estate has cooled? (more)
The problem with subprime lenders means there will be more homes in an over-supplied market and not as many people who can step in to make purchases. (more)
To celebrate its 150th anniversary, the American Institute of Architects put together a list of 150 favorite buildings. These 10 were designed as family homes. (more)

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.