DC Market

[Kenny Anderson]

See article below about the DC market.

http://www.nbcwashington.com/news/local/Average-DC-Home-Homes-Skyrocket-22-Percent-in-a-Year-Report-230829271.html?_osource=SocialFlowFB_DCBrand

It will be really hard to find good deals in a market like this. Thoughts?

[Ned Carey]

I am somewhat of a contrarian. Just some points to ponder

If prices go up that fast sellers may not realize their home is worth that much more - Easy deal

If prices go up that fast you can buy an average deal and make money just because the prices are going up fast - easy money.

Even if it is harder to find a deal it is much easier to sell a deal.

Would you rather have a market where deals were everywhere but no onw wanted to buy?