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?
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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?
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.
Spotlight: Alexandria City Remains a Real Estate Hot Spot How might rising inflation and higher prices affect the region’s real estate future?
As we’ve noted for months, Alexandria City, which includes Old Town, continues seeing high home sale prices, limited inventory, and stiff competition for some of the most sought-after homes in the region. At the same time, interest rates remain low and inventory has increased a bit, possibly incentivizing buyers to stay in the game and find their next dream home. In June, … [Read more...] about Spotlight: Alexandria City Remains a Real Estate Hot Spot How might rising inflation and higher prices affect the region’s real estate future?
Demand, Higher Prices Dominate the May D.C. Real Estate Market Limited inventory continues fueling suburban competition.
Home prices continued their upward trajectory throughout the region in May, but Fairfax, Prince William, Montgomery, and Prince Georges counties are winning the prize as most competitive. With low inventory, stiff competition, and rising prices in May, it’s making a lot of sellers happy but has been a bit frustrating for buyers. A bright spot for buyers—despite rising … [Read more...] about Demand, Higher Prices Dominate the May D.C. Real Estate Market Limited inventory continues fueling suburban competition.