How long before the housing market bubble trickles to the DC exurbs? (Alexandria: sale, foreclosure)

[coolio69]

Originally Posted by frostopsy

I am worried that "re-inflating" the housing bubble is going to be a bad thing in the long run. It will only be a matter of time before housing prices are out of reach of young people once again, people borrow far more than they can afford, and we are back to where we were a few years ago. None of that would be a good thing. It wasn't good last time, how is this time any different?

This is already here!

[va_lucky]

For Washington area, real estate market turnaround is in full swing - The Washington Post

Equal to the peak? I have never heard of any area peaking in mid 2007?

Media hype?

[Carlingtonian]

I just want to point out that a bubble cannot trickle; a bubble can only grow, shrink, or burst.

Signed,
Conan the Grammarian

[CaliTerp07]

Houses in my neighborhood have been sitting 40-50 days this summer. I don't know if people are too ambitious with their listing prices, or what. When we bought our home 2 years ago, they had 4 offers at their open house, the first weekend it was listed.

[va_lucky]

Originally Posted by Carlingtonian

I just want to point out that a bubble cannot trickle; a bubble can only grow, shrink, or burst.

Signed,
Conan the Grammarian

Fair enough, at least it would be obvious if it does make it here. If it does...which the majority here says it won't, I am OUTTA HERE!

[Carlingtonian]

I think the value growth in the exurbs will be more gradual but significant over the next 20 years. The federal government isn't leaving the area and is only going to keep growing--hence more people moving here for jobs. In addition, HQ offices will probably continue to relocate (in whole or in part) to the suburbs--e.g., many so-called Pentagon offices are at Mark Center or Belvoir now. And then the FBI will relocate to either Prince William or PG County.

[ACIII]

Being one the largest investments we all make in our lives, we can not bear the reality if the purchase was done at the height of the market. Home is home, but if the "investment" needs to be "dumped" then do it with caution considering the following factors: your original downpayment, any improvements you have done to the house, where are you going to move, are you purchasing or renting?, tax implications, tax savings

Good luck!

[va_lucky]

Originally Posted by ACIII

Being one the largest investments we all make in our lives, we can not bear the reality if the purchase was done at the height of the market. Home is home, but if the "investment" needs to be "dumped" then do it with caution considering the following factors: your original downpayment, any improvements you have done to the house, where are you going to move, are you purchasing or renting?, tax implications, tax savings

Good luck!

Nice post, don't forget security clearances, credit checks, new neighbors, etc.

[va_lucky]

Originally Posted by Carlingtonian

I think the value growth in the exurbs will be more gradual but significant over the next 20 years. The federal government isn't leaving the area and is only going to keep growing--hence more people moving here for jobs. In addition, HQ offices will probably continue to relocate (in whole or in part) to the suburbs--e.g., many so-called Pentagon offices are at Mark Center or Belvoir now. And then the FBI will relocate to either Prince William or PG County.

Valid point....PW Please...not PG! lol

[va_lucky]

Looks like the exurbs have a way to go, but are also moving along on a rational basis.

Local housing prices hit five-year high | Business Insider