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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: The Wharf who wrote (30703)5/4/2005 8:15:50 PM
From: GraceZRead Replies (1) of 306849
 
RE corrections tend to be rolling. They start in one area and get around to the others over years, the same way they roll up.

MD properties, at least the areas further away from DC and within the city, were depressed in price for a very long time after 1990 so they were very late to the world party. They've caught up with a vengeance, as every week the Sunday paper brings new bizarre forays into unchartered territory, some of which is well known in your market, Southern CA, but new to us. We play a game on Sunday, of guess where the latest ridiculous price will show up.

I do think that it's taking a breather, even if the closed sales are still showing a stiff increase in price. The new houses built around me are sitting on the market longer.
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