Are house prices in Virginia slowing down? (26th Sep. 06)

It is thought by many experts that the rise in house prices in Virginia beach and Hampton Roads is now slowing down. For the last 5 years, prices have risen at surprisingly high rates but now there are definite signs of a slow-down. Virginians might even be wary of the situation that has happened down South in places such as Orlando, Florida where many real estate being sold at a reduced price. This is unlikely to happen in Virginia Beach and Hampton Roads though, with some people such as Real Estate Assessor Jerry Banagan for example, believing that property will increase by about 20% in Virginia Beach in the coming year. It is anyones guess at to how prices will change.
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