The Tide is Turning

There was a marvelous article in the Washington Post this past weekend in the Real Estate section. Check out "The Tide is Turning" by Kenneth Harney, who writes The Nation's Housing article each week. Publish date is Saturday, January 6, 2007 - Page F1.

Harney's premise is that the 18-month market correction has just about run its course. While we don't expect boom times again quickly, housing prices in many markets appear to have stabilized. Interest rates are excellent for buyers right now. The economy is still on solid footing. Take advantage of all the free information out there and study your local housing prices.

Our experience here at Condo 1 seems to confirm Harney's premise. We just closed two sales at the Atrium Condominium in Rosslyn last week and one was a unit that I didn't expect would sell. There are still some great buys out there, such as Atrium Unit #104 (gorgeous 2BR, 2BA for $566K), but these won't last long.

Happy House Hunting!

Tom