Archive for the ‘About Real Estate’ Category

• Capital Property Markets As Noted by Isaac Toussie

  Date: | Category: About Real Estate | Response: 0

  Isaac Toussie shares some of his personal observations on market trends in our nation’s capital.  Isaac Toussie a professional residential real estate developer for many years, is thoroughly experienced in all the intricacies of this business, but cautions that what follows is strictly an opinion and should in no way be construed as professional advice of any sort.  This article is  just providing some of Isaac Toussie’s insight into the industry, but nothing upon which any decisions should be based.

  So, with that obligatory legal disclaimer out of the way, let’s take a look at some D.C.-area market trends.

  Now everyone knows that for the past two to three years our capital, along with the rest of the country, has suffered some serious market corrections where real estate, particularly housing, is concerned.  Credit’s dried up while short sales and foreclosures have increased.  D.C. suburbs have even reported price drops of up to one hundred thousand dollars!  And the trend isn’t much better region-wide, with shortfalls of around eight to ten percent over previous years.  It continues to be brutal for the D.C. housing market as those gains posted during boom-times just keep disappearing.

  But of course it’s never totally bad, as there are those who still manage to benefit.  After all, “one man’s trash is another’s treasure,” and it is along those lines that the glut of foreclosed properties has spurred a buying spree in some places, especially among the many first-time buyers of Prince William County who were finally able to afford homes of their own.

  And it’s interesting to note that investors have also swooped in to snap up properties.  This is generally taken to be a positive sign, reflecting a certain sense of confidence in market fundamentals in those individuals who matter the most in any economy – those with money!  And, all things considered, under the circumstances, our nation’s capital has fared fairly well, and is best of all in the region, with median prices rising some eight percent.

  Naturally, you can bet that there are also those economists and other such experts who believe that the situation is still extremely grave, as there are still record numbers of homeowners in financial distress.  Still, I, Isaac Toussie, really do believe that a market turnaround is just around the corner, relatively speaking.  As an investor myself, I know very well that a “bear market” is the best time for the “bulls” to take charge and charge into bargains and savings galore!