Simplifying the Market, 5.17.23 The National Association of Realtors (NAR) will release its latest Existing Home Sales Report tomorrow. The information it contains on home prices may cause some confusion and could even generate some troubling headlines. This all stems from the fact that NAR will report the median sales price, while other home price indices … Continue reading What You Need To Know About Home Price News
Mortgage Interest Rates Update: What Buyers’ & Sellers’ Should Know About the Spring Market
"Low inventory issues are keeping prices from dropping off. How much further home prices dip in 2023 will likely depend on where mortgage rates go. Experts point out that today’s homeowners have a more secure footing than those coming out of the 2008 financial crisis. A higher number of borrowers have positive equity in their homes." … Continue reading Mortgage Interest Rates Update: What Buyers’ & Sellers’ Should Know About the Spring Market
Two Big Issues Facing the Housing Market Right Now
The biggest challenge the housing market’s facing is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply: “Two dynamics are keeping existing-home inventory historically low – rate-locked existing homeowners and the fear of not finding something to buy.” Let’s break down these … Continue reading Two Big Issues Facing the Housing Market Right Now
Four Reasons Why Now’s a Good Time to Sell
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
Our Real Estate Market Predictions for 2023
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
Third Quarter 2022 Real Estate Market Update
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
Guidance for Buyers: Marry the House and Date Your Rate
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
Video: Long & Foster CEO Jeff Detwiler on Industry Headlines
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
The Difference Between Today’s Shifting Market and the 2008 Housing Crisis
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
The Changing Real Estate Market: A Return to “Normal”?
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”?
May Residential Real Estate Market Update
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
Long & Foster Joins Forbes Global Properties Exclusive Luxury Network
"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
What You Can Expect In the Spring Market
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
GCAAR Recognizes Hill Slowinski with Award
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 Time: Housing-related Items to Keep in Mind
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
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