In real estate there are three pillars that dictate desirability of any given building: location, price and condition. In a normal market, if one of these is missing, a property may take some time to sell. In the last few years of abnormally low … [Read more...]
September 2022 Washington DC Metro Area Real Estate Market Stats
In 2020 and 2021, low interest rates, remote working opportunities, and low housing inventory created the perfect storm of buyers flooding into the real estate market. Homes sold quickly and for more than asking price. Recent interest rates rises … [Read more...]
Summer 2022 Washington DC Metro Real Estate Market – What is Going On in Your Area?
The market is feeling the effects of recent interest rate increases - as I write this in September 2022, rates are currently double what they were in January 2022. Price increases have slowed down somewhat, but they certainly aren't showing any … [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...]
Real Estate Statistics for September 2010 including Washington D.C.
Prices continue to rise in most markets; those markets that went down tended to be in lower volume locations which can swing disproportionately. Prices in Arlington continue to rise, this month by 15% over last year. Closed sales across Loudoun … [Read more...]
