Market Perspective: Jeff Detwiler, President/COO, The Long & Foster Companies

Housing Market - Hill SlowinskiMarket Perspective:  Jeff Detwiler, President/COO, The Long & Foster Companies

Demand for housing is normal; supply/inventory remains below average because of:

1)  An inability to meet builder profit margin requirements.  Why?

 1. Owners still have negative equity
 2. Consumers continue to deleverage their debt
 3. Mortgage financing is still attractive

2)  The mortgage interest rate increase has impacted:

 1. Investors — the really cheap money is gone
 2. First time buyers — hesitation at the thought of increased rates, even at only 4-5%
 3. The Present: An Adjustment Period — consumers will become more comfortable with the new environment

Outlook:  “Normalization” will come 2015/2016

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F. Hill Slowinski, JD, REALTOR® in DC, MD, and VA
W.C. & A.N. Miller Realtors, A Long & Foster Company
Christie’s International Real Estate
4701 Sangamore Road, Bethesda, Maryland  20816
Tel: 301-229-4000  Fax: 301-229-4015
Direct: 301-320-8430 · Cell: 301-452-1409 
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