Will the spring market bring home appreciation?

[Anonymous]

The answer is no. Where are all the high paying jobs? Who can pay more for a house when they have to pay more for food and anything with tariffs? Who can afford the increase in house insurance PLUS higher principal payments?

You will not see housing appreciation this spring OP. Unless wages go up/more jobs are available and all other consumer basket items go down in price. Plus all tariffs removed and taxes reduced.

Not happening.

[Anonymous]

Anonymous wrote:I just looked up 1 bedroom condos for sale in nw dc and the first three are listed at or below their last sale price.

The problem with 1BR condos in DC is at current interest rates and prices I can rent an identical unit for $1,500/month+ cheaper and have no down payment plus no exposure to special assessments and no responsibility for repairs. And it’s very easy to find a 1BR for rent.

[Anonymous]

rockvile and other far out communities are never a good bet. the fundemementals have come back that you need to live inside the beltway with good schools and safe neighborhoods. During COVID, everything blew up, including undeserving areas like Rockville.

[Anonymous]

Anonymous wrote:rockvile and other far out communities are never a good bet. the fundemementals have come back that you need to live inside the beltway with good schools and safe neighborhoods. During COVID, everything blew up, including undeserving areas like Rockville.

I personally think that once the federal government allows 2 days a week of telework, these areas will bounce back strong

[Anonymous]

Anonymous wrote:

Anonymous wrote:rockvile and other far out communities are never a good bet. the fundemementals have come back that you need to live inside the beltway with good schools and safe neighborhoods. During COVID, everything blew up, including undeserving areas like Rockville.

I personally think that once the federal government allows 2 days a week of telework, these areas will bounce back strong

But when will that be. Once this nightmare is over I doubt restoring telework will be a big priority for whoever is president next.

[Anonymous]

I live in Rockville zoned to W schools. Homes this year have been sitting on the market longer and are either seeing price drops or selling for the exact asking price (up to $1.8M, not sure what it’s like for more expensive properties). Not like last year when they were flying off the market even before the open house and going through bidding wars.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:rockvile and other far out communities are never a good bet. the fundemementals have come back that you need to live inside the beltway with good schools and safe neighborhoods. During COVID, everything blew up, including undeserving areas like Rockville.

I personally think that once the federal government allows 2 days a week of telework, these areas will bounce back strong

But when will that be. Once this nightmare is over I doubt restoring telework will be a big priority for whoever is president next.

A Democratic administration will do it.

[Anonymous]

Anonymous wrote:rockvile and other far out communities are never a good bet. the fundemementals have come back that you need to live inside the beltway with good schools and safe neighborhoods. During COVID, everything blew up, including undeserving areas like Rockville.

Nothing wrong with Rockville/Potomac if your job is around Rockville/Bethesda. Not everyone works in DC proper.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:rockvile and other far out communities are never a good bet. the fundemementals have come back that you need to live inside the beltway with good schools and safe neighborhoods. During COVID, everything blew up, including undeserving areas like Rockville.

I personally think that once the federal government allows 2 days a week of telework, these areas will bounce back strong

But when will that be. Once this nightmare is over I doubt restoring telework will be a big priority for whoever is president next.

This!

Even the DNC is making workers come back 5 days a week. Democrats are not going to save you.

https://thehill.com/opinion/campaign/5620774-dnc-office-mandate-mistake/amp/

The party that prides itself on science just brushed aside a mountain of workplace research, when the Democratic National Committee ordered Washington staff to return in person five days a week, starting in February. The move that instantly triggered union backlash and public sparring.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:rockvile and other far out communities are never a good bet. the fundemementals have come back that you need to live inside the beltway with good schools and safe neighborhoods. During COVID, everything blew up, including undeserving areas like Rockville.

I personally think that once the federal government allows 2 days a week of telework, these areas will bounce back strong

But when will that be. Once this nightmare is over I doubt restoring telework will be a big priority for whoever is president next.

A Democratic administration will do it.

Absolutely not. Dems are making workers come back 5 days a week. See above.

[Anonymous]

Trying to buy. I sure hope not.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:rockvile and other far out communities are never a good bet. the fundemementals have come back that you need to live inside the beltway with good schools and safe neighborhoods. During COVID, everything blew up, including undeserving areas like Rockville.

I personally think that once the federal government allows 2 days a week of telework, these areas will bounce back strong

But when will that be. Once this nightmare is over I doubt restoring telework will be a big priority for whoever is president next.

A Democratic administration will do it.

Absolutely not. Dems are making workers come back 5 days a week. See above.

Yep. Property values will probably stagnate a little but once a Dem wins the presidency again it’s back to boom town. All the NYC and CA based strategists / party apparatus will migrate back with their Tier 1 city down payments and savings from a brutal primary (read - cash grab for strategists) and bid everything back up.

Just need to ride out any bumps over the short term.

[Anonymous]

Rockville east of pike or west of pike? If west, don’t worry. That’s W school territory and plenty of late 20-30 something professionals with at least a ~$350K HHI will kill to live there.

[Anonymous]

Bought last year in Silver Spring and also see my home value down a bit on some of those websites for whatever that’s worth.

It sucks to see and makes me wish we bought this year instead since it seems like the supply is way up too compared to 2024 but it’s whatever, it’s a place to live and not looking to sell anytime soon.

[Anonymous]

If mortgage rates go down prices will go up.