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?
Market News
Real Estate Market Spotlight for Zip Code 22308 Mortgage Applications Rebound after April Downturn
During the past year, the real estate market has been hot throughout the entire DC metro region. Let's take a close look at just one zip code: 22308, which is located within the Fairfax County part of Alexandria just north of George Washington's Mount Vernon. If you live within that zip code, your home may be worth more than a million dollars and is likely to sell quickly. … [Read more...] about Real Estate Market Spotlight for Zip Code 22308 Mortgage Applications Rebound after April Downturn
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?
Stellar Year Wrapping Up for Home Sellers High inflation and uncertainty still looms as we head toward 2022.
Though still very much a seller’s market, buyers saw some easing in October, particularly in Prince William and Prince Georges counties, but overall, prices are moving in all sorts of directions. We tend to see market adjustments throughout the year, but add some external financial influences, and the “whys” tend to vary. Compared to October 2020, average home sale prices … [Read more...] about Stellar Year Wrapping Up for Home Sellers High inflation and uncertainty still looms as we head toward 2022.
Low Supply Fuels Ever-Present Sellers’ Market Demand in Prince William and Prince Georges leads region.
Year-over-year home prices continue to climb throughout the region, with healthy average price increases tallied in August over August 2020 everywhere from D.C. to the far reaches Prince Georges county. Month-to-month is always a bit different, though. From July to August of this year, Montgomery and Prince Georges counties prices rose about 1 percent, while Arlington County … [Read more...] about Low Supply Fuels Ever-Present Sellers’ Market Demand in Prince William and Prince Georges leads region.
