How long do you think the property prices in Greater Washington DC will continue to drop?
Oh, I do not sell the place. I am an agent and an investor waiting for the market to bottom before buying a lot of things. I have at least $ 60,000 in the purchase of 6 months does not come!
It is difficult to say, but I can give you a little story. Prices in DC ran mid 80's first filling the entire 1989. He dropped a little and then remained stable until 1997 or 1998. Then he ran again until a year ago. If this trend continnues We are looking to 8-10 cycles of two years started a year ago. However, even in ring down things do not fall much – it just stayed flat. In addition, the housing market has been up and down in cycles like that for 50 years – although, indeed, the cell cycle and the amount of things going up / down varies considerably from one cycle to another. So we could be looking at another 7 years or so – If we do Arent.
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