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!
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
Market 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 … Continue reading Market Perspective: Jeff Detwiler, President/COO, The Long & Foster Companies