Market Update

By |2021-02-26T15:31:27-05:00February 26th, 2021|

New Home Prices Going Through The Roof! This week let's talk a little bit about the new home sector.  Home price appreciation in the new construction sector has risen quite a bit more than the resale market for a number of reasons. One is that buyers tired of losing out on resale homes are OK [...]

The Non Existent Housing Bubble

By |2021-02-19T15:53:43-05:00February 19th, 2021|

The Non Existent Housing Bubble As the market gets more and more crazy I'm hearing more questions and concerns about a market bubble.  I've addressed facets related to this in previous posts but let me take those concerns on in a comprehensive fashion right now.  In the Northern Virginia region a bubble is [...]

February Newsletter

By |2021-02-16T15:27:12-05:00February 16th, 2021|

Market Update Again, I have said it before, and I will repeat it, inventory levels on homes for sale in Northern Virginia are critically low! We currently have just 1,701 homes for sale in all of the counties we serve in Northern Virginia. The amazing fact is the number of condos that are currently [...]

Time to Move Out of the Basement!

By |2021-02-10T16:56:44-05:00February 10th, 2021|

Time to move out of the basement! Kicking off this week's post with a fascinating study I recently read.  It seems that 52% of young adults are still living with their parents, which is a 110 year high!  Surely the pandemic is impacting this section of the housing sector as it is all [...]

The name of the game is: More Bidding Wars!

By |2021-02-04T14:09:00-05:00February 4th, 2021|

The name of the game is: More Bidding Wars! Well we have a month's worth of new data and the message is: A strong sellers market driven by limited inventory that I've been reporting on for a long while has reached DEFCON 1.  On Friday we ran the numbers and we were down [...]

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