Market Updates

March Newsletter

By |2024-03-17T16:48:31-04:00March 17th, 2024|

March Market Update & Newsletter As we step into March, a time that seems to effortlessly slip by us, it's a reminder of how fast time moves.  With March comes the excitement of March Madness and the anticipation of the Final Four, alongside the gradually lengthening days that breathe renewed energy into our routines.  The thrill of [...]

The REAL Market Update

By |2023-12-18T13:03:22-05:00December 18th, 2023|

The Math says don't wait to purchase! Rates have come down for 5 straight weeks now and are down almost 1%! This is excellent news for all involved in the market.  And this particularly impacts the affordability calculus for purchasers and move-up buyers that are tethered to their current lower-rate mortgages. But there [...]

December Newsletter

By |2023-12-06T12:39:22-05:00December 6th, 2023|

December Market Update & Newsletter As we all know, today's headlines tend to focus more on capturing attention rather than accurately representing reality.  It would be nice if the headlines provided insight into the facts and accurate analysis to follow, wouldn't it?  Unfortunately, many of these headlines contain misleading statements such as "skyrocketing [...]

The REAL Market Update

By |2023-12-01T17:02:39-05:00December 1st, 2023|

The Holiday Season Market is upon us The Holiday Market has taken full root, but there are some encouraging signs on the horizon for the real estate market. First off some of the raw data.  Last week inventory was down 11% from the previous week to a total of 1,673 homes for sale [...]

October Newsletter

By |2023-10-19T15:26:12-04:00October 19th, 2023|

October Market Update & Newsletter The Federal Government was able to avoid a shutdown by passing a last-minute funding deal to keep the government open for 45 days. One of the keys to getting this temporary measure passed was removing the funding for Ukraine and its war against Russia. This is a short-term [...]

September Newsletter

By |2023-09-25T14:01:42-04:00September 25th, 2023|

September Market Update & Newsletter Is it seasonality or is it a slowdown?  This is the big question on many minds in the real estate business.  One of you asked me about it this morning!  Until recently, we had always experienced a slower August, but during the COVID/Pandemic years, which really leveled out [...]

The REAL Market Update

By |2023-09-25T13:13:07-04:00September 21st, 2023|

Status Quo from the Fed:  What does that mean for the Real Estate market? Last week the Fed elected not to take any action on rates.  There are surely reasons for that, and what, if anything, do those reasons mean for the NOVA real estate market? The Fed is continuing in its quest [...]

The REAL Market Update

By |2023-08-09T16:35:40-04:00August 9th, 2023|

Big Things Happening the Next 3 Days in the Mortgage Market! This week's update is a little different.  Starting today (8-9-2023) we have 3 influential things happening in the financial realm that have the potential to alter the short term outlook for mortgage rates.  The first is that today the Treasury is doing [...]

June Newsletter

By |2023-06-27T17:19:07-04:00June 27th, 2023|

June Market Update & Newsletter Amazement continues in the real estate market.  As many of you know, interest  rates more than doubled in a 6 month period.  From May to November, the rates went from 3.5% to over 7%.  At that time, the market nearly came to a halt as there was much [...]

May Newsletter

By |2023-05-26T13:05:23-04:00May 26th, 2023|

May Market Update & Newsletter The real estate market in Northern Virginia never ceases to amaze me. We continue to see a very low number of homes for sale with high demand even as interest rates continue moving slightly upward. This phenomenon is leaving us with less than a one month’s supply of [...]

Go to Top