Economic Uncertainty, Consumer Confidence, Inventory, New Construction, Appreciation, and Sales are all Factors.
housing market
Tremendous Opportunities for Sellers Who Prepare
No matter where you look, inventory shortages are driving the real estate market. With fewer properties for sale, home prices have grown higher while sales periods have tightened. These conditions present tremendous opportunities for sellers, but it can be worrying for those individuals who also need to buy a new property after selling. Thankfully, those … Continue reading Tremendous Opportunities for Sellers Who Prepare
How Different Generations View Home Ownership
While Millennials are entering the home-buying game later than earlier generations, their desire to achieve the American Dream remains and is stronger than previous generations.
Mid-Year Update: Where Are We Now?
More than halfway through 2019, for those of you who are thinking of buying or selling a home this year, you might be wondering how the real estate market has shaped up so far this year.
Take A Broader Look at the Housing Market
I am sure you’ve seen or heard the headlines: "Interest rates are rising." Homeownership is no longer affordable." "The real estate market is headed for a bubble." While what is being said in the news media attracts attention, it’s critical to take a broader look at the housing market and historical trends to understand … Continue reading Take A Broader Look at the Housing Market
Metro DC Inventory Remains Historically Low
February 2019 Update: Low levels pushing prices for D.C. Metro areas to record February highs. Sales continue to slow. The February 2019 Washington D.C. Metro area median home price of $427,000 was up 4.1% or $17,000 from last year and marked the 29th consecutive month of year-over-year price increases. Sales volume across the DC Metro … Continue reading Metro DC Inventory Remains Historically Low
What To Do If You Might Buy or Sell a Home in 2019
It’s hard to believe that 2018 is soon coming to a close. With the New Year fast approaching, you may be thinking about what you should do if you might buy or sell a home in 2019. While many people wait until spring to begin their home-buying or selling process, I’m here to tell you … Continue reading What To Do If You Might Buy or Sell a Home in 2019
Where are Home Values Headed over the Next Few Years?
There are many questions about where home prices will be next year as well as where they may be headed over the next several years to come. We have gathered the most reliable sources to help answer these questions: The Home Price Expectation Survey – A survey of over 100 market analysts, real estate experts, … Continue reading Where are Home Values Headed over the Next Few Years?
My Letter to You on the Washington Market
As a real estate professional, I’m often asked if now is a good time to buy or sell a home. The answer is yes! It’s a great time to move, and I’d like to tell you some of the reasons this is such a unique market. Property values have been increasing in most places across … Continue reading My Letter to You on the Washington Market
Demand is Rising for Properties Like Yours!
Dear Friends, The real estate market is very attractive for homeowners right now. Housing inventory is down, prices are rising and, while mortgage rates remain low, they will likely grind higher through 2018. As you know, real estate is very similar to the stock market in that you’d like to “buy low and sell high”. … Continue reading Demand is Rising for Properties Like Yours!
CMAs, BPOs, AVMs and Appraisals Explained
This article explains the four most common valuation methods used for real property transactions and how and when they are used. It’s important to note that the methods below are not necessarily mutually exclusive. Lenders, servicers, investors, and other professionals use one or more of these valuation methods, depending on circumstances and the type of … Continue reading CMAs, BPOs, AVMs and Appraisals Explained
4 Reasons to Buy a Home This Winter!
Here are four great reasons to consider buying a home today instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest Home Price Index reports that home prices have appreciated by 7.0% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.7% over the … Continue reading 4 Reasons to Buy a Home This Winter!
How Long Do Most Families Stay in Their Home?
The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a family in a home, meaning how long a family stays in a home prior to moving. As the graph below shows, for over twenty years (1985-2008), the median … Continue reading How Long Do Most Families Stay in Their Home?
DC area prices reach highest monthly level on record in May
Washington D.C. Metro home prices set new all-time high of $460,000. May closed sales and new pending sales at decade highs; inventories continue to shrink by double-digits. Rockville, MD – (June 12, 2017) – The following analysis of the Washington, D.C. Metro Area housing market has been prepared by Elliot Eisenberg, Ph.D. of MarketStats by … Continue reading DC area prices reach highest monthly level on record in May
Online Real Estate Information Resources
Where to look? What to rely on? How to keep current? I initiated this blog years ago because my Clients need and want trustworthy and informed resources on real estate matters. My clients also get prompt access directly to me to address important questions and issues they encounter and to prepare them for the transactional … Continue reading Online Real Estate Information Resources
"Decades of Exceptional Results" 