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Real Estate
Reply to "The DOGE Downturn - Kensington"
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[quote=Anonymous][quote=Anonymous]Well, ultimately everything comes down to price vs local income and interest rates. Can Rockville support very middling houses priced at $1 million plus when the median income is $64,000 and average mortgage interest rates are 7 percent? No, of course not. Home prices are so far beyond the historical norm that eventually it's going to correct hard. [/quote] This. There is a lot of overpriced inventory still there. And this is true every year. Every single year, including the “hot” years for RE there were homes that were pushing the ceiling of what area supports and they were sitting and sitting until prices were brought up towards reality. [/quote]
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