If D.C. real estate watchers expected a dramatic dip in home sales and a slowing market in March, it didn’t materialize according local sales data from MarketStats by ShowingTime. Of course, market indicators likely will lag a bit, and dramatic changes could be on the horizon for April and May in particular, but March numbers revealed a continuing trend toward robust sales … [Read more...] about D.C Area Real Estate Market Remains Strong, Despite COVID-19
Market News
Momentum Strong for D.C. Spring Real Estate
Don’t blink, because you just might miss that dream home. At least that’s the case for much of the D.C. region’s home selling market. For sellers, we’re seeing prices on the increase, and inventory still is low as we move toward spring. For buyers, you’re looking at historically low interest rates that can make it a bit more comfortable as you analyze the market’s prices. So, … [Read more...] about Momentum Strong for D.C. Spring Real Estate
What Does the Fed Rate Drop Mean for Homebuyers?
As global markets reel from the coronavirus outbreak, the Federal Reserve slashed the federal funds rate by 1 percent March 15, bringing the rate to virtually zero. Does that mean mortgage rates will hit such lows as well? No. Mortgage interest rates are impacted more by the bond market, not the Federal Reserve. Even before Sunday’s rate cut, mortgage and refinance … [Read more...] about What Does the Fed Rate Drop Mean for Homebuyers?
January 2019 vs. 2020: How Arlington’s Avg. Home Sale Price Jumped 47%
Combing over January’s area home sale stats from SmartCharts MarketStats by ShowingTime, I’ve become accustomed to seeing higher home prices across the region compared to the same month in the previous year. With low inventory and some eager buyers, it’s not surprising at all. These conditions make for quite a strong and competitive sellers’ market. Even so, as I wandered into … [Read more...] about January 2019 vs. 2020: How Arlington’s Avg. Home Sale Price Jumped 47%
It’s a Jungle Out There: Local Home Buyers Tackle the Amazon Effect
Certain real estate realities might be deemed cliché because we hear of them so often, but a closer look at one in particular reveals it’s simply the best adage for the state of affairs in the D.C. region. As we open lockboxes on doors from the far reaches of Fairfax or Montgomery County to the heart of D.C., the one stark reality is the influence of “location, location, … [Read more...] about It’s a Jungle Out There: Local Home Buyers Tackle the Amazon Effect
