Abrupt slowdown clouds 2006 forecast
By Chris Sicks
SPECIAL TO THE WASHINGTON TIMES
Last year's real estate market ended very differently than it began, leaving Washington area buyers, sellers and Realtors wondering just what to expect from 2006. Early in 2005, sales were slightly ahead of 2004. Cumulative sales were up 2 percent at the end of May.
However, the market cooled off abruptly in the second half of the year -- though many in the area still haven't come to terms with that.
"It has been interesting, hasn't it?" says Alana Lasover, sales manager of Coldwell Banker's Bethesda office. "And I think it will get more interesting this year, but I don't know how yet.
"In January, a lot of clients were being told, 'Wait another month. Wait until after the Super Bowl to do anything,' " she says. "That's because we've always said Super Bowl Sunday kicks off the year's market. So what's going to happen?"
(Click here to read the rest of the story)
SPECIAL TO THE WASHINGTON TIMES
Last year's real estate market ended very differently than it began, leaving Washington area buyers, sellers and Realtors wondering just what to expect from 2006. Early in 2005, sales were slightly ahead of 2004. Cumulative sales were up 2 percent at the end of May.
However, the market cooled off abruptly in the second half of the year -- though many in the area still haven't come to terms with that.
"It has been interesting, hasn't it?" says Alana Lasover, sales manager of Coldwell Banker's Bethesda office. "And I think it will get more interesting this year, but I don't know how yet.
"In January, a lot of clients were being told, 'Wait another month. Wait until after the Super Bowl to do anything,' " she says. "That's because we've always said Super Bowl Sunday kicks off the year's market. So what's going to happen?"
(Click here to read the rest of the story)
posted by Oil Shock at 11:57 AM
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