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Reply to "s/o How far will prices drop in MoCO?"
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[quote=Anonymous][quote=Anonymous]Based on the anecdotes here, maybe just the high end of the market is falling? Not many couples can afford anything over $800,000 unless they got lucky on a first home appreciating, have an inheritance, or have family helping out.[/quote] Agreed. I would also posit that close-in Takoma Park and Silver Spring are going to continue to benefit from the gentrification of DC. As some folks get priced out of what they want, and others "strike out" in the DC lottery, but don't have $1.5m to buy in-bounds for JKLM, they are going to start looking one or two stops north. [/quote]
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