Comments on: -8% is the sound of a bubble popping http://dc.metblogs.com/2006/09/11/8-is-the-sound-of-a-bubble-popping/ Sat, 27 Nov 2010 12:28:40 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Homeowner http://dc.metblogs.com/2006/09/11/8-is-the-sound-of-a-bubble-popping/comment-page-1/#comment-5673 Homeowner Tue, 12 Sep 2006 04:07:11 +0000 http://dc.metblogs.com/2006/09/11/8-is-the-sound-of-a-bubble-popping/#comment-5673 This is the best time to buy! However, the bubble wall started to thin July 4 '05. My neighbor, who works with the military, thought he could sell his 1,200 SF condo (in a 60-y.o. bldg) in a suburban development not far from the Pentagon for more than $443K but ended up having to come down in price to below $400K. If interest rates hold in single digits and prices become more reasonable, there might be a resurgence in sales - so move fast! This is the best time to buy! However, the bubble wall started to thin July 4 ’05. My neighbor, who works with the military, thought he could sell his 1,200 SF condo (in a 60-y.o. bldg) in a suburban development not far from the Pentagon for more than $443K but ended up having to come down in price to below $400K.

If interest rates hold in single digits and prices become more reasonable, there might be a resurgence in sales – so move fast!

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