Reply to Will DC housing prices rise if/when Fed cuts rates in September?

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Reply to "Will DC housing prices rise if/when Fed cuts rates in September?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]No one knows, and the "buy buy buy" in this thread is exhausting. Buy when you're ready and when you find something you like and can afford, simple as that. Housing prices were stagnant in DC for over a decade (2008 to 2019), even when interest rates were historically low, so there just isn't a clear causal relationship. If anyone could actually predict housing price appreciation, they'd be very very rich rather than on DCUM.[/quote]

We bought a house in Petworth in 2009 and sold it in 2018 for more than twice what we'd paid for it, so I would not say ALL housing prices in D.C. were stagnant for the decade you're talking about. [/quote]

+1 DC experienced an enormous amount of development and gentrification 2008 to 2019. To say housing prices in DC were stagnant during this time is pretty hilarious. Maybe they were stagnant in the already expensive bubble of NW? I can't imagine someone who lived here during that time would say housing prices stagnated during that period of growth. [/quote]

How can your eyes not see the data? Those PPs who commented earlier that they have seen price increases since they bought in 2004 also don't understand statistics. Yes, you had price increases, but the level of house prices did not recover to 2008/09 levels until 2019/2020. Data do not lie. That is price stagnation for that period. [/quote]

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