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Real Estate
Reply to "Is it a good time to buy now?"
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[quote=Anonymous][quote=Anonymous]I've kept an eye open for homes for a long time. The housing prices have never gone down in the DMV. Where is this magical land where housing prices decrease?[/quote] You are correct...RE prices in dmv never decrease over the long term but they can be "stagnant" which can last years...used to be a 7-year cycle when prices were "stagnant" which to me always represented buying opportunities. During such times, the buyer could negotiate quite a bit, purchasing the home lower than asking price, closing costs concessions, inspections, etc, etc. This is why the present time does not represent a buying opportunity - the buyers position is flipped 360deg. [/quote]
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