UPDATE: August 2008 Fairfax County Real Estate Bubble ** Prices Plunge 22% in past 12 months

[MKing]

Hi Mojo, where can I get this information for the City of Alexandria housing. Thank you.

[MKing]

"car54, Where are you?" Sorry I couldn't resist!

Congratulations on doing so well in this crazy real estate market! Our neighbors sold their house for a $250,000 profit in 2005 and he was transferred to a small town where a house bigger then the one they had didn't even cost $250,000! I can only be happy for them as they are wonderful kind people that got lucky with a job transfer! Couldn't have happened to two nicer people that are close to retirement!

I was wondering where one can find information on properties like the one you just bought? My husband and I did most of the work in our house and while it was exhausting, it was also quite satisfying to see the results of our hard work! Plus it would be great for my husband who has a "desk job" and is bored easily by that!


We are looking to buy once our current house rents and we have thought about waiting because we figured housing prices will still fall some more, but right now interest rates are great and even if housing prices fall a lot more next year, we don't know what interest rates are going to do? What is everyone's thoughts on that?

Buy now with great interest rates or wait and get a better deal on a house but who knows what interest rates will be?

[Jeff9477]

I don't want the value of my house to keep going up. Why would I want to pay all that extra real estate tax? You only care about the value when you are selling.

[mojo_1979]

Originally Posted by MKing

Hi Mojo, where can I get this information for the City of Alexandria housing. Thank you.

Click on the link below, then select Monthly Real Estate Trend Indicator, then you can select your location and the type and date of the report you're looking for. Hope this helps.


MRIS Statistics

FYI -- Alexandria city median prices are down -14% from last year. Not good, but not nearly as bad as some of the further out counties.

[MKing]

Thank you for the link!

[mojo_1979]

"The Standard & Poor's/Case-Shiller 20-city housing index fell a record 16.3% in July from a year earlier, the largest drop since its inception in 2000. The 10-city index plunged 17.5%, the biggest decline in its 21-year history."

"No city in the Case-Shiller 20-city index saw annual price gains in July, the fourth straight month that has happened."

Record annual decline in home prices - Sep. 30, 2008