Market Updates

January Newsletter

By |2021-01-07T13:10:37-05:00January 7th, 2021|

Market Update Happy New Year!  Welcome to 2021!  We're looking forward to an exciting year with lots of new challenges, adversity, change, but most importantly opportunity!  The good thing to note is that out of these situations come positive outcomes for many if you keep the right mental attitude, stay adaptable, and take [...]

The REAL Market Update

By |2020-12-14T12:52:03-05:00December 14th, 2020|

The REAL Market Update Lot's of Christmas cheer for home sellers! It's not exactly coal in the stocking for buyers but it is a highly competitive market for the good properties.  Reputable well known local lenders and title companies and a top notch real estate broker coordinating things have never, never been more important [...]

December Newsletter

By |2020-12-09T10:56:03-05:00December 9th, 2020|

Market Update As we close out 2020... A lot has transpired since the last newsletter… a presidential election, additional shutdowns, local jurisdictions reverting back to more restrictions on public gatherings, regional school districts canceling or staggering the return to the classroom, and of course, Thanksgiving.  Luckily, we had great weather on Thanksgiving and could [...]

The REAL Market Update

By |2020-12-06T17:21:04-05:00December 6th, 2020|

The REAL Market Update As we leave Thanksgiving in the rear view mirror and look forward to the Christmas holiday season this is a perfect opportunity to discuss how this year's market has differed dramatically from the seasonal swings we have historically seen. This week last year started the rapid descent of inventory [...]

The REAL Market Update

By |2020-11-24T12:46:26-05:00November 24th, 2020|

The REAL Market Update Don't expect the traditional Holiday season slow down.  The limited inventory situation coupled with the market forces I have blogged about all year insure that the normal ebbs and flows of the annual real estate cycle are being smoothed out.  While there will be some moderation of house hunting [...]

November Newsletter

By |2020-11-19T17:13:51-05:00November 19th, 2020|

No Slowdown in the Near Future Well we just had yet another "unique" holiday this Halloween but kudos to you all for the creativity.  Now onto the next "unique" holiday experience of Thanksgiving.  Having just returned from my 9th trip to Liberia (more on that next month) it's clear that despite all our [...]

The REAL Market Update

By |2020-11-06T15:37:51-05:00November 6th, 2020|

The REAL Market Update This week we are going to head off in a little different direction and talk about the commercial real estate market (with a little residential mixed in).  Unsurprisingly the commercial market in NOVA is in a very different state than the residential.  COVID has turned the commercial market on [...]

The REAL Market Update

By |2020-10-28T20:58:19-04:00October 28th, 2020|

The REAL Market Update A little good news for those frustrated home buyers! Sorry you buyers, it's still a full blown sellers market, but there are some encouraging realities and improving data out there for you! Inventory has ticked up for 6 weeks in a row now to 3,210 homes on the market in [...]

The REAL Market Update

By |2020-10-16T15:45:08-04:00October 16th, 2020|

The Real Market Update As we are now firmly entrenched in the 4th quarter it's time to look not only at what is going on but take some informed, data driven shots at what is coming down the pike, especially as it relates to the distress sale market (short sales and foreclosures). I'm [...]

October Newsletter

By |2020-10-08T14:51:38-04:00October 8th, 2020|

An Unexpected Fall Market Real estate continues to be the shining light in the current economic recovery. Buyer   demand, housing prices, and new and existing home sales continue to be strong - not only in Northern Virginia but also across the country. Our issue continues to be low inventory levels for the demand [...]

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