WHAT GOES UP MUST COME ...
Sideways. The DC housing market is overvalued and must come down say so many. But what if coming down means staying exactly where it is for a while. True this would be a decline in "real" terms, not in nominal terms, but its hardly is the doom and gloom that so many talk about.
This is what Mark Zandi of Economy.com recently said in the WaPo:
"'There's different ways the market can adjust.' Prices could be flat, he said, 'and the economy can catch up to it, or the market could fall 5 to 10 percent, trade sideways and let the economy catch up.'"