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Real Estate
Reply to "Zillow data shows DC with 3rd largest price drop in the Nation"
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[quote=Anonymous]I don't think there's any question that at least in parts of the DMV, prices will go stagnant or even fall. The bigger question is whether they will fall below, say, 2019 levels and whether things will stay stagnant or depressed in DC for long. I would bet on no. The economy will recover, as it always does. Some jobs may shift around, but there will always be money in being the capitol city. This may turn out to be a needed correction. The price increases between 2020 and 2025 were unsustainable, surely we all saw that. Rising rates didn't do much because there's so little inventory. But this might put a dent in it. If you bought prior to 2019, or bought after but intend to hold onto your home for more than a few years, I don't think this will matter. People also freaked out in 2008/9. Turns out that was a great time to buy a home.[/quote]
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