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Reply to "How is the spring close-in DMV housing market looking like? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Shopping in Arlington and seeing that the bulk of houses for sale are ones that the owners purchased less than four years ago. And I understand why they’re moving — the houses have significant flaws and they can nonetheless bank a healthy profit. Buyers don’t seem to care that the prior owners want to get out after only a few years. [/quote] There is a lot of inventory of these homes. Everyone is trying to cash out and eventually prices will have to compete for the buyers in under 2.5 mil market, which stretches you to a lot of areas in DC metro, some with bigger lots slightly further out but still inside beltway, and some nearer amenities and closer in. [/quote] Don’t think so. The prices will stagnate but not come down which is what happened in the Great Recession. Feds have been priced out of Arlington for at least a decade at this point so whoever is buying/selling now is probably insulated. [/quote]
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