Stability over volatility As the new year begins, the residential real estate market in Northwest Washington, D.C. is settling into a more balanced and measured phase. After several years shaped by sharp rate increases and limited inventory, conditions are gradually improving. Buyers and sellers alike are approaching decisions with greater clarity, and the market is … Continue reading Market Outlook for the New Year: Northwest Washington, D.C.
prices
Why You Don’t Need To Be Afraid of Today’s Mortgage Rates
Admit it – you’re kind of afraid of today’s mortgage rates, aren’t you? I know some of my buyer-clients are. But they need not be. Why? Here’s the bone-chilling truth. The difference between buying a $1,000,000 home at today’s typical rate (around 6.2%) and waiting for 5.99% is about $100 a month on a $800,000 … Continue reading Why You Don’t Need To Be Afraid of Today’s Mortgage Rates
Your 2025 Mid-Year Real Estate Update
We’re more than halfway through 2025. I would like to share the highlights of what’s happening in the real estate market. Modest Home Price Growth We’re continuing to see home prices rising but at slower (and lower) rates than we’ve had the past few years. Nationwide, median home prices increased just over 1 percent compared … Continue reading Your 2025 Mid-Year Real Estate Update
Should You Wait for Mortgage Rates To Come Down Before You Move? Maybe Not.
If you’ve got a move on your mind, you may be wondering whether you should wait to sell until mortgage rates come down before you spring into action. Here’s some information that could help answer that question for you. In the housing market, there’s a longstanding relationship between mortgage rates and buyer demand. Typically, the … Continue reading Should You Wait for Mortgage Rates To Come Down Before You Move? Maybe Not.
What You Need To Know About Home Price News
Simplifying the Market, 5.17.23 The National Association of Realtors (NAR) will release its latest Existing Home Sales Report tomorrow. The information it contains on home prices may cause some confusion and could even generate some troubling headlines. This all stems from the fact that NAR will report the median sales price, while other home price indices … Continue reading What You Need To Know About Home Price News
Mortgage Interest Rates Update: What Buyers’ & Sellers’ Should Know About the Spring Market
"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
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
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
The Facts Many Headlines Overlook
Context is Important. There are a lot of questions right now regarding the real estate market as we head into 2022. The forbearance program is coming to an end and mortgage rates are beginning to rise. With all of this uncertainty, anyone with a megaphone – from the mainstream media to a lone blogger – … Continue reading The Facts Many Headlines Overlook
2021 Housing Market Predictions And Forecasts
Where We Are Heading After a whirlwind of a year in 2020, the housing market looks like a minefield of complications. Thanks to COVID-19 and its impact on the U.S., the right decisions for a potential home buyer may be completely different from what they were in 2019. Some have to permanently work from home … Continue reading 2021 Housing Market Predictions And Forecasts
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
Housing Trends to Watch for in 2020
Economic Uncertainty, Consumer Confidence, Inventory, New Construction, Appreciation, and Sales are all Factors.
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
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?
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!
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