While the housing market traditionally heats up with the weather, buyers are looking year-round. If you’re thinking about selling your home, here are a few reasons why now is a great time to get it on the market. Appreciation. Your home’s value is based on the market, not the season. In the last few years, … Continue reading Four Reasons Why Now’s a Good Time to Sell
Everything in the economy is cyclical and real estate is no exception. After a few robust years, 2022 brought the housing market to more normal (pre-Covid) levels, which we expect to continue in 2023. Here are a few more of the trends that my team at Long & Foster Real Estate and I expect to … Continue reading Our Real Estate Market Predictions for 2023
It’s hard to believe that we’re more than three quarters into 2022 and will soon ring in a new year. After a few years of a hot real estate market, you may wonder what’s happening now - especially if you’re planning to buy or sell a home in the next few months. In 2020 and … Continue reading Third Quarter 2022 Real Estate Market Update
This last hike by the Fed, along with their language about future increases and numbers in the UK have led to quite the spike in rates. We were talking about rates in the 5’s and just into the 6’s, but very quickly we’ve escalated into needing to talk about the 7’s. We’ve been here before, … Continue reading Guidance for Buyers: Marry the House and Date Your Rate
Long & Foster CEO Jeff Detwiler breaks down the company's performance in 2021 and offers some perspective on our competitors' performance. Jeff's comments capture what makes our company unique in today's economic environment. https://www.youtube.com/embed/_6qel1puT5g We are extremely well positioned to support and exceed our client's expectations, and I am honored to be in the top … Continue reading Video: Long & Foster CEO Jeff Detwiler on Industry Headlines
About 15 years ago, we experienced a housing crisis. Unfortunately, at that time, many Americans lost their homes and real estate investments. Although our current market is shifting, homeowners need not worry that history will repeat itself. The factors affecting today’s housing market are vastly different than they were in the mid to late 2000s. … Continue reading The Difference Between Today’s Shifting Market and the 2008 Housing Crisis
There’s been so much news lately relating to the economy and real estate. If you’re planning to buy or sell a home soon, you may be wondering what it means for you. The housing market, which received a boost from record low interest rates during the Covid-19 pandemic, has begun to shift. The Arrival of … Continue reading The Changing Real Estate Market: A Return to “Normal”?
The housing market is influenced by the state of the economy. With so many economic developments recently, you may be wondering about the impact on the housing market. To keep you informed, we looked at a few factors that are currently affecting the real estate market. Rising Mortgage Rates The recent increase in mortgage interest … Continue reading May Residential Real Estate Market Update
"Luxury" has changed in recent years. No longer is it simply about status symbols or the exclusionary club, but about significance, passion and shared beliefs. Affluent consumers value authenticity and connections more than ever. Recognizing this change, we’ve shifted our approach to luxury real estate. Long & Foster Real Estate, the nation’s No. 1 real … Continue reading Long & Foster Joins Forbes Global Properties Exclusive Luxury Network
As the spring housing market kicks off, you likely want to know what you can expect this season when it comes to buying or selling a house. While there are multiple factors causing some uncertainty, including the conflict overseas, rising inflation, and the first rate increase from the Federal Reserve in over three years — … Continue reading What You Can Expect In the Spring Market
Sales between $5 million and $10 million I am grateful and honored to be recognized for excellence in 2021 which would not have been possible without the continued support and referrals of my wonderful clients, colleagues, friends, and family. I and my family thank you for your confidence and trust!
Tax season is upon us and, this year, the filing deadline is April 18. The deadline was pushed back from April 15 because of Emancipation Day, which is a holiday in Washington, D.C. As you prepare your 2021 taxes, here are a few housing-related items to keep in mind. Home interest deductions · Mortgages that … Continue reading Tax Time: Housing-related Items to Keep in Mind
I am so grateful and fortunate to be a member of Long & Foster | Christie’s International Real Estate. We have been named again as the Best Real Estate Brokerage for Luxury Homes in Bethesda, Maryland, for 2022 by readers of Bethesda Magazine in the annual Best of Bethesda awards. The Best of Bethesda awards … Continue reading Voted “Best Real Estate Brokerage for Luxury Homes 2022” by Readers of Bethesda Magazine
While real estate is hyper-local and each area experiences its own ebbs and flows, a number of trends still affect the market as a whole. Throughout 2021, inventory challenges and low mortgage rates remained a common theme. With the arrival of winter and recent news of upward pressure on interest rates expected throughout 2022, if … Continue reading Now is a Particularly Great Time to Sell a Home
Context is Important. There are a lot of questions right now regarding the real estate market as we head into 2022. The forbearance program is coming to an end and mortgage rates are beginning to rise. With all of this uncertainty, anyone with a megaphone – from the mainstream media to a lone blogger – … Continue reading The Facts Many Headlines Overlook