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Reply to "Feels like market is hitting a wall"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Market is slow for higher end homes in suburbs, and even slower for most places in DC with the most recent interest rate hike. My guess is a 5% drop in prices in suburbs from the spring market, and a 8-10% drop in DC [/quote] No way. Price stagnation, maybe little haircuts, but there's no significant downward movement. That's just the data.[/quote] People keep posting what they are hoping for as some expert opinions. But we've seen it for at least 18 months now. Prices aren't going down. They are staying fairly flat. The extremely low inventory will stop any type of significant price reduction. [/quote]
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