Well, the times they are a changin'...or are they? There is a great new study out by the George Mason University Center for Regional Analysis on the 2007 Housing Forecast. While there are some positive parts to this study, the crazy days of massive appreciation and escalation clauses are over. What is currently affecting the housing market the most in my opinion, is the power struggle between the buyer and seller. Sellers are hearing that the market is going to spike in the spring, so they are holding out for every last penny. Buyers are seeing the sheer volume of property on the market and knowing that they should be able to get a deal right now.
It is going to be interesting to see how this develops over the coming months...there is no denying that everyone has gotten busy as of late!
340 Mill Street NE; Suite F Vienna, VA 22180
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