The housing market around the country has been pretty week for the past couple of years. Bethesda, MD has held up much better than the rest of the country, even so, it has been impacted. Pre-2008 I saw lots of houses either being torn down and replaced or expanded to such an extent the original house was unrecognizable. The pace of teardowns significantly slowed with the economy. This week however, I was driving down the road and said to myself "There was a house there last week, where did it go?" It is hard to tell yet if this is an anomaly or a resumption of the trend.
Friday, May 14, 2010
Housing market still going
The housing market around the country has been pretty week for the past couple of years. Bethesda, MD has held up much better than the rest of the country, even so, it has been impacted. Pre-2008 I saw lots of houses either being torn down and replaced or expanded to such an extent the original house was unrecognizable. The pace of teardowns significantly slowed with the economy. This week however, I was driving down the road and said to myself "There was a house there last week, where did it go?" It is hard to tell yet if this is an anomaly or a resumption of the trend.
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