“I live in a nice part of Alexandria, VA. Believe me, the creeping crud of lower real estate prices has finally arrived.”
Sorry to hear that. In North Arlington, near the Ballston Metro station (where my home is located), we’re not having any problem. Values have actually increased. And homes are selling — an open house I looked into a couple of weeks ago was SWAMPED! I think the article is correct — if you live within walking distance of a subway station in the Washington area, your property value is assured, thanks to the horrendous traffice in this region.
I’m within 200 yards of a subway station. Got lots of people in to see the house during several open houses. No offers...until I dropped the price a mite.