Tag Archive for: Barron’s

Housing Hurricane is NOT Howling Again

26 May
May 26, 2009 In the Monday, May 25th edition of BARRON’S, Mike Moran, a real estate broker in Sarasota, Florida has a story Titled, The Housing Hurricane Will Howl Again. His experiences in Sarasota since December 2008 could not be more different than what is being experienced by brokers and home buyers in the Washington, DC market, particularly in Northern Virginia. The moratorium on foreclosures starting in late November 2008, for four plus months, had the effect of stopping the deluge of inventory that had been driving prices relentlessly down for over 18 months. Whether that was the intended effect, or the desired effect was just to give folks time to re-work their existing loan with their mortgage Read more [...]