After reaching 9.1 percent in June, the inflation rate backed off to 8.5 percent in July. Though a bit of a drop from the previous month—and aside from this year so far—inflation hasn’t been this high since December 1981. Now, in the early part of this year, a lot of homebuyers challenged by stiff competition in the spring decided to take a break as we moved into summer. But … [Read more...] about Home Ownership as a Hedge Against Inflation Belvoir-Based Museum Details the History of the American Soldiers
Interest, Inflation Shifting Buying Habits What Might that Mean for Home Buyers and Sellers?
Throughout the D.C. region, low inventory is helping sustain demand for sellers, but buyers may be tapping the breaks a bit as we head into the summer months. With interest rates at about 5.5 percent nationally in the first few weeks of June, new mortgage loan applications dropped to their lowest point in 22 years. “The purchase market has suffered from persistently low … [Read more...] about Interest, Inflation Shifting Buying Habits What Might that Mean for Home Buyers and Sellers?
Home Sellers: ‘Show Me the Money’ Cash is king as buyers compete for low inventory throughout the D.C. region.
And just like that, we’re one-third of the way through 2022. Year-to-date sales numbers remain strong throughout the D.C. region and continue to favor sellers. For buyers, cash remains king, as low inventory and stiff competition make for challenging face-offs with many homes receiving multiple offers and prices often climbing above asking price. From January through April, … [Read more...] about Home Sellers: ‘Show Me the Money’ Cash is king as buyers compete for low inventory throughout the D.C. region.
Market Spotlight: Waynewood Million-dollar mark becoming quite common is this Alexandria community.
Sellers are reaping rewards in beautiful Waynewood, with the average sale price of homes so far this year at $966,775, based on statistics from BrightMLS, our association’s multiple listing service. For the year, 19 homes have sold. Of those, the three homes that sold in April averaged $1,170,000. Demand continues to outpace supply with buyers competing heavily for available … [Read more...] about Market Spotlight: Waynewood Million-dollar mark becoming quite common is this Alexandria community.
Home Sellers Remain on Top amid Volatile Economy Real estate value enduring amid higher inflation and interest rates.
Sellers continue to run the table as we enter the spring/summer real estate season throughout the region, with bidding wars and above-asking sale prices remaining the norm. Even amid the backdrop of high inflation and rising interest rates, a substantial edge still belongs to sellers, with the economic impacts yet to be seen. With prices up and inventory remaining low, … [Read more...] about Home Sellers Remain on Top amid Volatile Economy Real estate value enduring amid higher inflation and interest rates.
