BonVivant

The Reverse Ripple Theory of Metropolitan Home Price Corrections

Excellent article. It confirms what we have been seeing the Washington, DC metropolitan area. The outlying areas Dulles, Ashburn, Woodbridge and Prince George's County started to stall and drop in 2006. It has only accelerated out there. In the desirable areas of the city and within the beltway, we are seeing some softening, but there are still buyers if the property is priced correctly.

Is this the opposite of what happened during the boom years? Did prices increase first in the center and then go out? In DC, as the high prices in the center went even higher, it drove buyers out and then further out.