The Real Estate Market for 2024

If you’re thinking about buying or selling a home in 2024, you may be wondering what’s to come in the real estate market ahead. After a few robust years, 2023 brought the housing market to more normal (pre-Covid) levels, which we expect to continue in 2024. Here are a few more of the trends that … Continue reading The Real Estate Market for 2024

Long & Foster’s Third Quarter 2023 Real Estate Market Update

We’re more than three quarters into 2023, and a lot has happened in the real estate market. Interest rates have risen, shifting the market to a more normalized pace—reminiscent of the years pre-pandemic. Plus, we’re seeing the below trends, when comparing the third quarter of 2023 with the same period in 2022. Fewer homes were … Continue reading Long & Foster’s Third Quarter 2023 Real Estate Market Update

Multiple Visits Help Match Homebuyers’ Lifestyle Needs

There are several personal subjective tasks that only you as a buyer can evaluate when thoroughly considering a property to purchase. These are in addition to the support and resources your professional real estate agent provides. Your real estate agent plays a crucial transactional role in helping you find and purchase a home.  These include all the … Continue reading Multiple Visits Help Match Homebuyers’ Lifestyle Needs

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

Video: Long & Foster CEO Jeff Detwiler on Industry Headlines

Long & Foster CEO Jeff Detwiler breaks down the company's performance in 2021 and offers some perspective on our competitors' performance. Jeff's comments capture what makes our company unique in today's economic environment. https://www.youtube.com/embed/_6qel1puT5g We are extremely well positioned to support and exceed our client's expectations, and I am honored to be in the top … Continue reading Video: Long & Foster CEO Jeff Detwiler on Industry Headlines

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