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Nesgroup address: misc.invest.real-estate - Date & Time for the message: 17 Apr 2005 00:23:14 -0700 /

Author of the message: kuacou241@yahoo.com

Title of the message:
Wash Post: In Real Estate Fever, More Signs of Sickness

Text of the message:
In Real Estate Fever, More Signs of Sickness
Some Economists Warn of Housing Bubble
By Daniela Deane
Washington Post Staff Writer
Sunday, April 17, 2005; Page A01
Matt Marshman watched it happen in one Germantown neighborhood in
February. Each house that went up for sale cost about $15,000 more than
the last. And the houses were all very much alike.
"We could see the prices going up every day," said Marshman, who with
his wife Tracy Hernandez managed to buy the third house that they
wanted there. The four-bedroom Colonial was listed for $30,000 more
than other sellers had asked for a similar house just three weeks
earlier. The couple eventually won a bidding war by offering $26,000
more than the asking price.
"It was downright scary, " said Marshman, a first-time homebuyer.
It's another insane spring in the local real estate market. As the
prime season for buying and selling unfolds, very few homes are for



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