Originally Posted by
Scott P
My home value has overall been falling in value for several years now. My house used to be valued at close to $400,000, now we haven't gotten an offer over $150,000. The same story is true all over town though.
The biggest factor is Peabody Energy, which this town is dependent on and the biggest indicator of the region's economy. When I moved here in late 2004, the stock price (I don't own any Peabody stock, but it is still the main indicator of the economy here) was around $100 a share. Now it is 38 cents.