Sellers continue to rule the roost throughout the D.C. region, as prices (and inflation) continued to climb in February, while active inventory remained quite low. How low is inventory? Just take a look at last month. Washington, D.C. active listings were down 11 percent compared to February 2021. And most of the region reflected the same when comparing the two months. … [Read more...] about Springtime Sprint for Area Homebuyers Competition still stiff as inflation and economy prompt questions.
Buyer Competition Defines January Market How might rising inflation and higher prices affect the region’s real estate future?
Competition among D.C.-area home buyers remained fierce in January, as the Federal Reserve contemplated interest rate hikes in the coming months. In mid-February, James Bullard, Federal Reserve Bank of St. Louis president, called again for a short-term interest rate hike of 1 percent by July, while other Fed representatives weren’t quite as aggressive. Fueling these … [Read more...] about Buyer Competition Defines January Market How might rising inflation and higher prices affect the region’s real estate future?
How Much Will It Cost to Sell Your Home? Don't be caught off guard because of unexpected fees.
Read more about this topic here. … [Read more...] about How Much Will It Cost to Sell Your Home? Don't be caught off guard because of unexpected fees.
Costs of Selling a Home Sale price and net proceeds from a home sale are two different things.
Inevitably, the main question we’re asked when we begin a listing presentation is: How much will I get for my home? That’s straight-forward enough, and a quick answer could be whatever someone pays for the home. Determining that price is another step, where we arduously review the local market, compare recent sales of similar properties, analyze the current market (Are … [Read more...] about Costs of Selling a Home Sale price and net proceeds from a home sale are two different things.
Strong Sellers’ Market Throughout Region in 2021 How might market forces influence the coming year?
Limited inventory drove pretty much all of the 2021 real estate market, but how might internal and external market forces influence 2022? It’s tough to say at this point. If interest rates remain low—they’re around the 3.6 percent and have crept up in the past few months—and inventory remains as tight as it’s been the past couple of years, we may see a continuation of the … [Read more...] about Strong Sellers’ Market Throughout Region in 2021 How might market forces influence the coming year?
