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
Market News
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?
D.C.-Metro Housing Market Shows Positive Long-Term Trend
In this spring of 2013 the real estate market was alive and kicking. Prices were ascending, and houses were moving pretty quickly. For many people, spring 2014 proved disappointing in comparison, but long term trends are the more important indicator, and we have good news there. The five-year trend shows median prices in the D.C. metro region moving upwards, according to … [Read more...] about D.C.-Metro Housing Market Shows Positive Long-Term Trend
D.C. Real Estate Market Shows Prices Higher, Low Inventory
It’s impossible to predict the direction in which any real estate market will move, but looking at the numbers from the recent past, home prices are up, while inventory remains limited in the D.C. region. According to Real Estate Business Intelligence, the “total sold dollar volume” in February was up nearly 6 percent compared to February 2013. Median sold price was up 5.6 … [Read more...] about D.C. Real Estate Market Shows Prices Higher, Low Inventory
DC’s Hot Housing Market Unlikely to Boil Over
The D.C.-metro real estate market continues its recovery, having reached its highest September median sales price in six years, according to Real Estate Business Intelligence (RBI). Although the supply of houses for sale remains tight, listings increased 16.5 percent from this time last year, and homes averaged 17 days on market before going under contract this past … [Read more...] about DC’s Hot Housing Market Unlikely to Boil Over
