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

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

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