Rezin

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When will house prices start to appreciate again?

Asked Wed Apr 9 2008, 12:57 by Firsttimer - Alexandria - Market Conditions - 58 answers

Rezin answered:

I bought a place in Alexandria and essentially paid what the home probably would have sold for in 2004, and this represented about $75K less than the sellar's asking price. Believe me, I was very squeamish about this because prices were (are) declining; but the houses are selling. The deciding factors for me was we love the area, we're not going anywhere for awhile (ten years at least), and we won't outgrow the place. I still watch the area houses come on the market and cheer when someone pays more than I did, and frown when someone pays less...and I cheer more than I frown...so life is pretty good in Alexandria. - Wed Apr 16 2008, 11:03

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