Washington City Paper: Just Reduced

The Washington City Paper has a long article about the housing situation in DC called' Just Reduced'.

The local media and many industry analysts are now talking about the bubble in the past tense. As evidence, they cite the longer periods that homes are staying on the market, the plateaus in sales prices, and the generally saner bidding environment.

But many agents can’t seem to part with their dear epoch. “This was a great year for us,” says Gill of 2005. “People are anticipating a decline in prices because of what they’ve read in media.…And you know what? It’s not happening,” says Gill.

Virginia Walker of Weichert Realtors says, “Some people think the market is falling, but it isn’t"