As the D.C. real estate market drifts into deep autumn and toward the holiday season, trends that began in the late summer have taken hold. Though the D.C. real estate market inventory remains low, changes in buyer enthusiasm has shifted competition to sellers. The result is properties are on the market a bit longer, and many sellers have dropped prices to find that sweet … [Read more...] about D.C. Real Estate Market Sees Low Inventory and Cautious Buyers Economy is still dominant player in homebuying decisions.
Market News
Real Estate Market Reflecting Economy’s Volatility Buyers have a bit more flexibility, but interest rates on the rise.
The real estate market appeared to catch up to some of the warning signs we’ve seen in recent months, as prices in Fairfax County dipped in between July and August. The average sold price in the county in July was $771,198, and median price was $650,000. In August, those numbers slid a bit, with average and median sale prices dropping to $721,095 and $635,000 respectively. … [Read more...] about Real Estate Market Reflecting Economy’s Volatility Buyers have a bit more flexibility, but interest rates on the rise.
Tips for Sellers in this Changing Market Follow these tips to get your home sold fast and for top dollar.
Transcript: Have you been thinking about selling your house, but you think you may have missed your opportunity? Think again. It's still a sellers’ market out there, although the market has changed a little bit. For example, in Fairfax County back in June, the average days on market, were about 10 days. In July that number moved up to about 13 days. So there's still some … [Read more...] about Tips for Sellers in this Changing Market Follow these tips to get your home sold fast and for top dollar.
Home Ownership as a Hedge Against Inflation Belvoir-Based Museum Details the History of the American Soldiers
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?
