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Real Estate
Reply to "Why do expert say: Buckle in for a brutal free-fall in home prices - Housing Bubble"
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[quote=Anonymous]It’s funny how crash predictors refuse to acknowledge that the DC metro area is a microcosm of its own. We have the most stable job economy of any market in the country, which has led to slight price decreases on houses that need updating (like ours) and continued bidding wars on houses that don’t in desired areas because of low inventory. No big crashes in price unless the house truly sucked. And with all the buyers on the sidelines, as soon as there is a slight improvement, more will jump back in. You CANNOT look at real estate as the same across every market in the country. My family lives in the Beaufort SC area and it’s acting exactly like ours because of the retirement desirability. Each market is its own microcosm. [/quote]
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