Good News for Buyers, Terrible News for Sellers
December 21st, 2007 Categories: Arlington, Buying, Keller Williams
Moody’s is predicting an 18.4% decline in home prices in the Washington, D.C. metro area for 2008. D.C./Northern VA isn’t even the worst hit city by this decline!! They’re calling this the worst housing slump since the Great Depression in 1929. Not only will sales prices potentially decline by double digit figures, the excess inventory in vacant homes will add to the steep drop in prices. But Keller Williams wants you to know there’s good news! If you’re in the market to BUY a home, there’s no better time than the present!! While good rates and mortgages will be tougher to come by, I will be happy to help you work through the inventory in Northern VA to find your perfect home. Feel free to contact Debbie Mullan (Nations Home Funding - 703-481-2291 ext 117) for mortgage questions and help. She was my savior when that USAA fiasco occurred in November!
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