A blog dedicated to tracking the continuing decline of housing markets throughout the USA. It is a long slow decline. But, decline it will. The speculative episode was simply unsustainable. With special attention to the Washington, DC area. Please join in the discussion.
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May MRIS Numbers Washington - Baltimore
Posted on June 13, 2008
The new monthly numbers for May 2008 are out from the MRIS (Metropolitan Regional Information Systems) the multiple listing service for the area. YoY = Year over Year, that is the comparison between May 2008 and May 2007. These numbers include all housing units ( not just single family residences but also condos and co-ops). These are for housing units listed on the MRIS's MLS (and thus do not include some foreclosures or private sales, or many new home sales).The housing market in the Washington and Baltimore area has been declining in the Washington, DC for over 2 years. Thus the year over ...
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