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Real Estate
Reply to "MoCo Real Estate for the Naysayers"
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[quote=Anonymous]I think the point is that if you compare MOCO appreciation against the year after the housing crash things look OK as long as you don't look at how well has done NOVA. If you compare MOCO to before or even a few years before the housing crash then it looks bad. Outside of Bethesda, houses are sitting, being delisted, turned into rentals, and dropping prices. For whatever reason, there are A LOT of houses on the market throughout Silver Spring, Rockville. Potomac, North Potomac and Gaithersburg. Sellers are being shocked that they can not sell for at least as much as they paid 12-14 years ago. Buyers do not know what to do. The houses look overpriced, are price dropping and they do not know how much more they will drop. Long commutes and fears of prices dropping or schools rezoning is spooking buyers. [/quote]
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