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[quote=Anonymous][quote=Anonymous]
I think this is a big stretch.  The article I quoted looked at historical appreciation over time. You are quoting figures that show appreciation over a 12 month period.  A short period of appreciation is no guarantee of appreciation in long term.  Anyone buying a house needs to be thinking about gains in the long term, not the short term.   [/quote]

Okay, here's another.  After the housing crash from 2007-2011, PG County has come back about 73% in value ($150K to $260K in median price).  It still has some room to get back to peak value from 2006, but it has had a continuous and steady growth for 6 years.  You can look at the graph that shows growth through May 2015 up to $243K.  The WaPo article above says the median home value is $260K in June 2016.  Is that a long enough term for you to accept?

[url]http://www.bizjournals.com/washington/news/2015/06/23/heres-how-housing-prices-are-rebounding-in-prince.html[/url]

In 2011 (the same comparison period), median home values in Montgomery County were $376K.  Currently at $435K for an increase of 15.7%.

[url]http://www.zillow.com/montgomery-county-md/home-values/[/url]

The argument that buyers in PG County will not see appreciation in their home values is out of date.

If you read the article that was quoted to begin with, they are using a comparison from early 2000's to now.  PG County was hit far worst by the recession and housing slump from 2007-2011 than any other jurisdiction in the DC area.  Yes, people have still not recovered their pre-2007 housing prices, but both before and after the recession/housing slump, home prices have continued to rise pretty steadily and faster than other areas including Montgomery County. [/quote]

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