"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
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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
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”?
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
Now is a Particularly Great Time to Sell a Home
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
Selling In An Adjusting Market
As summer comes to a close, with school starting, and fall just around the corner, September brings a time of transition. If you’re thinking about selling your home, you may be hearing reports of inventory trickling back on the market in some locations and bidding wars appearing to be slightly less common. Here’s some insight on … Continue reading Selling In An Adjusting Market
Tips for Buyers in a Tight Housing Market
Because Hill Slowinski successfully negotiated and won their dream home! For first-time, move-up and downsizing buyers, 2020 has been a challenging year. While most housing markets have had low numbers of homes for sale for several years, in 2020, many would-be sellers pulled back from listing their homes over concern about the impact of Covid-19 … Continue reading Tips for Buyers in a Tight Housing Market
Mid-Summer Update
As always, your safety and that of your family is of the utmost importance and is our priority. We're committed to helping you with all the safety and health measures we can apply to your home visits, inspections, showings, purchases and sales. July was our busiest month so far and surpassed May 2019 buyer and … Continue reading Mid-Summer Update
An Extraordinary Offering in Hillandale SOLD in 9 Days!
10411 Greenacres Drive, Silver Spring, MD 20903 CLICK HERE FOR PROPERTY PHOTOS AND VIDEO Hillandale Home and Garden Award Winner! This gorgeous property, in highly sought after Hillandale, with a “Little Potomac” aura, is an ideal location just minutes to the conveniences that make living so pleasant, so ideal, and so perfect. A botanical garden … Continue reading An Extraordinary Offering in Hillandale SOLD in 9 Days!
How to Test-Drive a Neighborhood While Sheltering in Place
We are becoming more virtually-oriented and very proficient in helping clients with tools and technology that ease the challenges of buying or selling a home in this environment. So rest assured that staying at home doesn't mean your search for a new place needs to come to a standstill. Take a look at the infographic … Continue reading How to Test-Drive a Neighborhood While Sheltering in Place
Unparalleled Strength and Care in Service to Clients
I want to provide an update on the real estate market as it relates to COVID-19 (Coronavirus) and how I am in a unique position to help you. Unequaled Strength of Long & Foster Although DC, MD, and VA have stay in place orders, our numbers have been steady. Month-to-date, Long & Foster’s real estate … Continue reading Unparalleled Strength and Care in Service to Clients
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