So glad we sold in early Spring!

[Anonymous]

It was mentioned on another post, but there's an article by Wolf Richter called Housing Hit the Wall of Wall Street in May. Good reminder that bidding war insanity is not going to be here forever and things are trending towards a buyers' market.

[Anonymous]

I think that article was overly general however. It didn't specifically address the DC market and even more specifically - the hot areas in the DC area.

[Anonymous]

How come no one is giving a link to this article?

I have been watching the market for several months. There appears to be no slowdown in the areas I'm looking.

[Anonymous]

I'm so glad we didn't sell, since our value just seems to go up and up.

[Anonymous]

Well where did you move to?

[Anonymous]

Here it is

http://www.nakedcapitalism.com/2014/06/wolf-richter-housing-hit-wall-wall-street-may.html

[Anonymous]

Anonymous wrote:It was mentioned on another post, but there's an article by Wolf Richter called Housing Hit the Wall of Wall Street in May. Good reminder that bidding war insanity is not going to be here forever and things are trending towards a buyers' market.

Yep, already happening in the markets we are looking in (22152, 22153). I've been obsessively following the housing market for months and the tide is definitely changing.

[Anonymous]

Still selling well in 20878

[Anonymous]

I'm not sure the tide is changing. But its definitely a bit different than last year. Prices are still high (and going higher) where I live.

[Anonymous]

http://online.wsj.com/articles/u-s-housing-starts-fall-6-5-in-may-1403008405


No recovery - it's all smoke and mirrors!

[Anonymous]

This article doesn't make sense. The things that caused uncertainty and fear this past winter have disappeared.

[Anonymous]

Anonymous wrote:This article doesn't make sense. The things that caused uncertainty and fear this past winter have disappeared.

huh?

[Anonymous]

Anonymous wrote:

Anonymous wrote:It was mentioned on another post, but there's an article by Wolf Richter called Housing Hit the Wall of Wall Street in May. Good reminder that bidding war insanity is not going to be here forever and things are trending towards a buyers' market.

Yep, already happening in the markets we are looking in (22152, 22153). I've been obsessively following the housing market for months and the tide is definitely changing.

Me too! Although I do note that many of the houses that were listed recently were listed for $15-$20K above what they were going for in the spring so some of it is just unrealistic expectations about price.

[Anonymous]

Anonymous wrote:This article doesn't make sense. The things that caused uncertainty and fear this past winter have disappeared.

exactly that's the point. so the market should've recovered because of these things disappearing but the author is stating that it didn't.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It was mentioned on another post, but there's an article by Wolf Richter called Housing Hit the Wall of Wall Street in May. Good reminder that bidding war insanity is not going to be here forever and things are trending towards a buyers' market.

Yep, already happening in the markets we are looking in (22152, 22153). I've been obsessively following the housing market for months and the tide is definitely changing.

Me too! Although I do note that many of the houses that were listed recently were listed for $15-$20K above what they were going for in the spring so some of it is just unrealistic expectations about price.

Right. Folks listing now are clearly late to the party and will absolutely have to drop their price if they are serious about selling.