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Real Estate
Reply to "RE Market Crystal Ball"
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[quote=Anonymous]Most DC area houses are listed much too high. Big spreads b/t the buyer and seller. Plus DC is one of the last areas in the U.S. for the housing to drop 10-20% from peak. Half the sellers here have a poorly maintained house that they try to price like a renovated one. And the other half the time, the seller tries to list at peak price (2005-2007). In general sellers are just hoping for that one dumb buyer not to look at comps or know the price of a kitchen renovation. [/quote]
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