Friday, December 30, 2005

WashPost 'Existing-Home Sales Take Slight Slide in November'

Thanks to dc_too a reader who informed me about The Washington Post's article titled 'Existing-Home Sales Take Slight Slide in November' . The best is:


Thomas M. Stevens, president of the National Association of Realtors and a Vienna real estate broker, said he could sympathize. His own home, a 6,400-square-foot single-family house on two acres in Great Falls, priced at $1.45 million, has been up for sale since September. He said he would give Harrington the same advice he follows himself: When the market slows, sellers need to look at their properties with steely-eyed realism, cutting the price if other homes are selling for less. He also counsels patience.
Ironic. :-) Patience? How about lowering the price.