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Cash Buyers aggressively buying in Washington.. Markets at work.

Started by Riversider
about 16 years ago
Posts: 13572
Member since: Apr 2009
Discussion about
http://www.washingtonpost.com/wp-dyn/content/article/2010/01/02/AR2010010201844.html Investors have reemerged with brute force in the Washington region's real estate market over the past few months, triggering bidding wars in some neighborhoods teeming with foreclosed properties..... With interest rates low and home prices way down from their peaks, all-cash investors are snapping up the cheapest properties and helping clear out the excess supply of homes on the market. They're betting that the market has hit bottom or will soon.
Response by somewhereelse
about 16 years ago
Posts: 7435
Member since: Oct 2009

and they're only, what, 2 years ahead of us?

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Response by The_President
about 16 years ago
Posts: 2412
Member since: Jun 2009

isn't this a NYC website?

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Response by w67thstreet
about 16 years ago
Posts: 9003
Member since: Dec 2008

Sometimes I substitute an orange for an apple.

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Response by aboutready
about 16 years ago
Posts: 16354
Member since: Oct 2007

or a vegetable for a fruit.

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Response by w67thstreet
about 16 years ago
Posts: 9003
Member since: Dec 2008

Yes el p. If you were a fruit what would you be?

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Response by mutombonyc
about 16 years ago
Posts: 2468
Member since: Dec 2008

Is it because the properties are foreclosures? I thought we reached the bottom last year.

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Response by Riversider
about 16 years ago
Posts: 13572
Member since: Apr 2009

It's interesting that the article mentions buyers at an unfair disadvatage becuase they needed a loan(paraphrase)

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Response by jimstreeteasy
about 16 years ago
Posts: 1967
Member since: Oct 2008

dc market , particularly in the center, experienced second coming two years ago, hence a mild boost to a downward market

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