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Reply to "Why aren't DC homes selling???"
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[quote=Anonymous]Trump uncertainty, plus rates have been rising (people had unrealistic expectations that fed short-rate cuts would bring mortgage rates down). And perhaps just having reached the max of what the market can bear with respect to how houses are priced relative to incomes and rents. Doesn't mean prices will drop, but I think the multi-year runup we've had is, at a minimum, on pause. Perhaps it picks up in the spring as more certainty is resolved wrt Trump, the potential gutting (or not) of fed agencies, etc.[/quote]
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