Listen to this story on WTOPNews.com outlining the Washington DC area's buyer's market. He says we are near or at the bottom. In particular, he touches on Prince William County which has seen the biggest turn around. PRices are down 41% but sales are up 200% from last year. Prices are now more affordable for investors & home buyers. New home foreclosures in Prince William are at 1/2 of what they were in 2008 -- signalling this could be the end of the sliding prices.
Listen here - scroll down to "Buyer's Market in Housing" John McClain, George Mason University
Good news for the buyers out there & for the sellers, who should be able to hold onto the equity that they have in their homes now.
Jodi Spelbring
Jodi@JodiSellsVA.com
703-625-4667
www.YourNextVAHome.com
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