[quote=sdrealtor]Just to clarify eavesdropper is in DC not San Diego. We have a very active RE market here, far more active than most places. There is huge demand here for well priced homes in any market, good or bad. That just isnt true in most markets across the US and I suspect DC might be one of those.[/quote]
I’d say the RE market in the DC area is “healthy” compared to most areas of the country including California – for one thing the unemployment rate in the DC area is among the lowest in the country.
The DC area is basically immune to recessions – that’s a dirty little beltway secret that’s not such a secret anymore.
Of course that low unemployment rate comes at the expense of the rest of the country since the vast majority of employment in the DC region is in the form of gov’t workers and beltway bandits.
That being said, I doubt there is a ‘huge’ demand even in the DC area. Will these realtor’s ever stop with the BS?
