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Real Estate
Reply to "How is the summer market?"
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[quote=Anonymous][quote=Anonymous] In Bethesda it's practically frozen. Prices have stagnated or come slightly down from last year, but the problem is inventory. It's always been inventory. There aren't enough homes for everyone, and the homes that sit are overpriced for their flaws. There are practically no smaller homes for families just starting out, and there is a number of very large expensive homes - in that price range, people get really picky so sale periods are more protracted. The market this year has been seriously disturbed by high interest rates. People don't want to leave their low mortgage rates to pick up a ridiculously high one, and that goes for sellers and buyers, even in wealthy areas where a number of transactions are in cash. [/quote] NP here - We're looking to buy in the 2 M range and sell out house at the 1.1M range, both in Bethesda, and this is exactly what I have observed.[/quote]
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