Reply to Anyone waiting till next spring to buy?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Inventory is way way down. Nationally. Why is this? Is there less jobs mobility? Are baby boomers not retiring and moving to sunny cheap climes like they used to because retirement savings ravaged by recession? Have investors and private equity really bought that much property even in close in DC?  But I would think AG least PE would show up as listings and then quick sales, unless they go through some back channel??

Why is inventory so low?  In close in neighborhoods we have surpassed the bubble highs, so no one is underwater anymore, everyone can sell and even make some money (maybe not the $$$& the envisioned in 2006) but no one is trapped inside the beltway.

Insight?[/quote]
We may be near the real estate high but people are worried about the economy?[/quote]

People aren't worried about the economy, are they? Recession over, unemployment trending down, albeit slowly?  Especially in DC Metro, never saw recession...[/quote]

You need to take off your rose-colored glasses.  There is still plenty of worry about the economy, and lots of people are still suffering.[/quote]

I understand that is reported, but house sales are booming *everywhere* but especially in DC. And consumer spending is up.  Really confused which story is true? Can housing continue this rapid appreciation without rose-colored glasses?[/quote]

Economic news is always behind the curve-ball.  What's being reported right now is based on late spring/early summer activity - regarding housing and jobs.  If you keep an eye on the local market, real-time, you will notice that things have really slowed down.

Also, the rest of the country is still suffering a great deal! I know because I have lived in a few places- way, way outside of the DC area, in major metros and believe me when I tell you - unemployment in most of the country is uncomfortably high!!   And its making its way here.  This summer alone, 2 of my friends' DHs - both attorneys in DC - lost their jobs due to cut backs.  DC is always the last to feel the effects of a down economy but its coming this way.  [/quote]

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