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Reply to "SPRING MARKET!! What's the vibe?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous] I think it’s the Hunger Games everywhere. In my target area in a non Yorktown neighborhood in Arlington, listings are getting snatched within days. It’s the weirdest thing because even overpriced listings in south Arlington are getting snatched, while being one of the dullest spring markets in years as far as the number of the listings. [/quote] NOVA is worse. The market in DC and MD is a tad bit softer. [/quote] That is definitely not true in the Bethesda / NW DC market. I know from experience very recently. But various price pockets are stronger or softer than others.[/quote] I just don’t get the overall US housing market because how do you explain Miami? Rent is supper high, never mind buying. Many lower middle class people are decamping to places unknown. Here’s an example, a relative purchased a townhouse in the coconut grove area for 800k 9 years ago, her neighbor just sold her identical unit for 2.3m, like how? She’s been trying to trade up for the last 4 years but it’s never going to happen now. The units at her townhouse complex doesn’t look like anything worth 2.3M. There’s no amenities and the maintenance fees are over $600[/quote]
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