tag:blogger.com,1999:blog-13164186.post4656730133573659051..comments2024-01-27T19:26:32.604-05:00Comments on Bubble Meter: Bubble IllusionDavidhttp://www.blogger.com/profile/11169148764438565562noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-13164186.post-80401279779649606762011-07-15T04:34:00.700-04:002011-07-15T04:34:00.700-04:00It's baffling and yet again it's a mental ...It's baffling and yet again it's a mental state of mind. I have to agree with you that most people do not consider the actual worth of their property during the bubble years. La Rosa Realtynoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-61894260314998446692011-07-11T11:07:24.905-04:002011-07-11T11:07:24.905-04:00Speaking, of peak, June sales stats are out. It a...Speaking, of peak, June sales stats are out. It appears that in Arlington, Alexandria & DC are all again at (or within 1% of) peak prices.<br /><br />http://www.rbintel.com/statistics/northern-virginia<br /><br />You really have to feel bad for the immunozone buyers. At the early 09 bottom, median prices were a mere -10% off peak, so it was reasonable to wait and see if they would catch up to the rest of the area. They didnt, and now those buyers are faced with the reality of sitting for years, only to now buy at those same peak prices they thought were unsustainable.<br /><br />For the rest of the area, prices are still well below peak, and will probably be several more years til they reach a new high. Still, the most recent stats indicate area median prices are rising +8% YOY. <br /><br />Yet another nutkicking for the early 2009 bears who confidently declared this was a "blip" and we were "nowhere near the bottom"... Partisan *http://profiles.google.com/therealpartisannoreply@blogger.com