04-17-2013, 04:27 AM
I think the reason prices are soaring again the DC Metro is because mortgage rates are still in the basement and the economic news has been improving for some time now. The sequester has resulted in cuts from projects in some places but not enough to destroy the market in this area.
HAULN-SS Wrote:lol..a side thread for sure, but they aren't budget cuts, they are budget increase cuts. Don't let their baseline accounting fool you. I'm 100% sure government spending is the only reason the D.C. area didn't see a housing crash the way the likes of other major metro areas did in the last several years.That goes without saying. When the economy contracted government contracting wasn't affected at all so the DC Metro economy didn't get affected nearly as much. There was still a big wave of foreclosures and short sales but nothing like the rest of the country saw.
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Past: 2018 Honda Civic Type-R, 2015 Yamaha R1, 2009 BMW M3, 2013 Aprilia RSV4R, 2006 Honda Ridgeline, 2006 Porsche Cayman S, 2012 Ducati 1199, 2009 Subaru WRX, 2008 CBR1000RR, 2009 Kawasaki ZX-6R, 2000 Toyota Tundra, 2005 Honda CBR600RR, 1996 Acura Integra GS-R, 1996 Acura Integra GS-R, 1997 Honda Civic EX
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Past: 2018 Honda Civic Type-R, 2015 Yamaha R1, 2009 BMW M3, 2013 Aprilia RSV4R, 2006 Honda Ridgeline, 2006 Porsche Cayman S, 2012 Ducati 1199, 2009 Subaru WRX, 2008 CBR1000RR, 2009 Kawasaki ZX-6R, 2000 Toyota Tundra, 2005 Honda CBR600RR, 1996 Acura Integra GS-R, 1996 Acura Integra GS-R, 1997 Honda Civic EX
http://www.aclr8.com