Don't freak out too much about the lack of listings- sellers and real estate agents both have a natural antipathy toward getting started on listing a house [or doing anything with a listed house] in the lull between xmas and new years.
The general rule is, nothing happens during the holidays... so they ensure nothing happens during the holidays. The only place this is being turned on its head is in Manhattan- the nytimes just ran an article on the rush on homes in the 1-3 million dollar range. (!)
Here in dupont, even co-ops have astronomical (to me) prices, and are selling well. I expect once interest rates climb they'll languish more. But I can't imagine living anywhere for 50k... where is this magical place?
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timeasmymeasure
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Date: 2003-12-28 07:26 am (UTC)The general rule is, nothing happens during the holidays... so they ensure nothing happens during the holidays. The only place this is being turned on its head is in Manhattan- the nytimes just ran an article on the rush on homes in the 1-3 million dollar range. (!)
Here in dupont, even co-ops have astronomical (to me) prices, and are selling well. I expect once interest rates climb they'll languish more. But I can't imagine living anywhere for 50k... where is this magical place?