purchase: What to expect after the rebate - 04/01/10 05:03 AM
Will the Northern Virginia market continue to soar after the rebate?  Will it crash?  Neither.  Buyers will continue to buy because of affordability.  Low prices & low interest rates will continue to fuel the market.  But, lack of equity and unemployment will hold back future sales.  So... expect a rational marketplace to return after many, many years.
What... neither a buyer's or a seller's market?  How long has it been since we experienced that? 11 years to be exact - 1999. 
From 1997 through 1999, we experienced the pleasure of balanced market.  Expect supply and demand to slowly equal out at both … (2 comments)

 

Jon Wolford

Springfield, VA

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Long & Foster Realtors

Address: 7202 Old Keene Mill Rd, Springfield, VA , 22150

Office: (703) 452-3905

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