Real Estate Business Intelligence reports: "September prices up across the DC Metro area, led by 10 percent gains in the District, by Corey Hart The Washington, D.C. housing market began the fall season with very strong sales activity. Pending sales are at their highest September level in at least a decade, while sold activity is at the highest September level … [Read more...] about DC Metro Market is Up: More Sales, Higher Prices
Market News
Double-digit gains in DC Metro contract activity in August | RBI
Real Estate Business Intelligence reports: "The Washington, D.C. Metro housing market ended the summer season with strong sales activity. Pending sales are at their highest August levels in a decade, while sold activity is at the third highest August level in a decade. Median sales prices dipped slightly, overall inventories increased, although at a slightly slower pace than … [Read more...] about Double-digit gains in DC Metro contract activity in August | RBI
Higher Prices, Inventory, and Low Rates Benefit Both Buyers and Sellers
Home prices are up, but so is inventory in Northern Virginia, which is proving to help both buyers and sellers as we move into the dog days of summer. With 30-year fixed rates as low as 3.8 percent, conditions are ripe for continued steady activity as we head into the fall. Although average home sale prices in June for Northern Virginia were virtually unchanged from June … [Read more...] about Higher Prices, Inventory, and Low Rates Benefit Both Buyers and Sellers
DC Region’s Hot Real Estate Market
Home sales in the D.C. market are off to a great start this year. According to Real Estate Business Intelligence (RBI), all numbers look quite positive comparing March of this year to March 2014—from higher prices to greater inventory for home buyers! Year-to-date comparisons are also very positive. While Falls Church City is an area with significant price declines, the numbers … [Read more...] about DC Region’s Hot Real Estate Market
Morgage Rate Update: Buy Now or Pay Later?
In a recent piece for The Washington Post, Kathy Orton highlights two studies that point out something I've been alerting my clients about recently: the impact of potentially rising interest rates. Truth be told, we've been hearing for years from mortgage experts and market analysts that mortgage interest rates will rise considerably in the near future, yet rates remain at … [Read more...] about Morgage Rate Update: Buy Now or Pay Later?
