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Reply to "Market is changing in favor of buyers in N. Virginia"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I heard NoVa is going fast at above list, but DC and MD are going below asking and taking a little longer to sell. So if you want a bargain, go to DC/MD. [/quote] Maryland is in a population decline as is Montgomery county so it makes sense demand would be lower. Depending on what they do with their budget gap may be the nail in the coffin. They are already one of the highest taxed states, if they raise taxes again expect home prices to not move in a positive direction. https://www.thesentinel.com/communities/montgomery-county-s-population-decline-raises-concerns-for-future/article_c8589c09-2b14-4d3c-9a8e-7f740d95a447.html [/quote] Population decline doesn’t necessarily cause a decline in home prices, especially in an area with low supply. NoVA has lost population over the past handful of years yet home values have risen. It does have more of an impact on rental rates.[/quote]
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