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Real Estate
Reply to "Redfin sudden decrease of 25%"
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[quote=Anonymous]MOCO needs to stop building 1M+ new construction. There is a surplus of older 1M homes and no where near enough buyers to absorb these let alone all the new 1+M homes going up. There is a large market of buyers for smaller houses under 600K but developers are going for higher profit margins and simply taking a cut when they all do not sell. MOCO used to attract the out of town buyers who were relocating from high priced markets but those buyers are all going to VA. If MOCO had gotten Amazon and more west coast transplants then the 1M+ market would be doing well because for those buyers anything under 2M is cheap. The west coast people are all landing in VA or DC now. [/quote]
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