The Corner

Then again…

The real estate market isn’t suffering everywhere — something the financial media often fail to appreciate. In DC, for example, prices are up year-over-year. In Fairfax County, they’re down.

And a reader forwards this information on his attempt to sell a “modest row house” in San Francisco:

Here’s an email I got from my San Francisco broker today:

“…In this “terrible, catastrophic” housing market, we experienced:

–         49 offers in 5 days

–         $153,000 over the asking price

–         19 day close (11 days early)”

He describes the property as a modest row house in a middle class neighborhood sold in “as-is” condition — no contingencies except financing.