The October Real Estate market remained interesting due to the effects of higher interest rates, with some unusual combinations of trends. Specifically sales were lower and days on the market were higher than last October in virtually all markets … [Read more...]
Washington DC Metro Real Estate Market Finally Slowing Down in June 2022!
If you look at the performance on Wall Street for the first half of the year, it’s the worst since 1970, driven mostly by inflation. Despite being at historically lower numbers, mortgage rates are up to 5.81%. The challenge, as you know, is that … [Read more...]
The March 2022 DC, Eastern MD, NoVA, WV Panhandle Real Estate Market
Recently the question on everyone's lips is "are we at the top of the market"? Mortgage loan rates have gone up 50% in the last few months, and I'm seeing rates in the low 5% range for people even with excellent credit. However, personally I don't … [Read more...]
December 2021 DC. MD, VA and WV Real Estate Statistics Are Still Erratic
The main trend was that all markets saw price increases over December 2020 with the exception of Alexandria and Manassas Park City in VA. In most markets the volume of sales and active inventory were lower than the previous year, major exceptions … [Read more...]
October 2021 DC Metro Real Estate Market was Unpredictable to Say the Least!
The October 2021 metro DC real estate market was pretty erratic. Compared to last October 2020, some markets had lower inventory, some had higher inventory, many had prices higher than last October but in some markets they were lower, some had higher … [Read more...]
June 2021 DC Area Real Estate Statistics Continue Previous Trends
The trend continues - Virginia cities and counties close to DC, while still seeing price increases and record sales, have much increase increased inventory and longer days on the market. This trend spread from DC, Arlington and Alexandria out to … [Read more...]
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