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...]
May 2021 Metro-DC Real Estate Market Continues to be Mercurial!
The trend seen in recent months continues. Prices are still rising across the region and sales volumes are higher than this time last year. In most areas this is leading to less inventory and less days on the market. The exceptions are generally the … [Read more...]
February 2021 DC Metro Real Estate Market – I Felt It But The Numbers Don’t Lie!
For several months it has seemed like I have been working with an unusually high number of buyers wanting to move away from DC/ dense areas of MD and VA to more rural settings in MD, VA and WV. It seems like everything between an hour and two hours … [Read more...]
Market Statistics for the DC Metro Area December 2020- A Tale of No Inventory
We had considerably tighter inventory over December 2020 in every market except Alexandria and Falls Church City (probably because the Amazon effect caused large increases in sales last year). Days on the market also decreased significantly … [Read more...]
The August 2020 Washington D.C. Metro Real Estate Markets Had Some Very, Very Strange Trends!
Wow!!! I have never seen year over year numbers like this before! Just look at some of the double digit changes from last year in almost all markets. Every city and county except Fairfax City, Falls Church and Montgomery County saw price increases … [Read more...]
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