April 22, 2006

REAL ESTATE SPECULATORS A DYING BREED IN METRO WASHINGTON

Investors who sought quick profits buying and selling real estate in the Washington region are in full retreat, dampening demand for homes, most notably for condos, says the WaPo.

Notice this article does not mention DC is a place where speculators ruled the day. The DC housing market probably will come down, but panicking flippers will not be a major, contributing factor.

CONGRATS TO BUBBLEMETER for the honorable mention in the WaPo.

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