The anecdotal evidence from my brokerage firm and the data continue to tell the story of a still robust Northern Virginia market but one that is moderating. Inventory this week is up to 3,824 homes. Slightly better than 2021 which was at 3,571. But home sales themselves have taken a DEEP dive year [...]
After the previous post's long analytical missive I am going to focus largely on anecdotal evidence we are seeing out there to let you know what is going on in the real estate market. As inventory continues to increase and sales moderate a tad we are up to a 1.4 months supply of [...]
This week we are graduating from ECON 201 to ECON 301. Welcome to the new class! I typically go over inventory levels and strong data analysis and interpretation to benefit my real estate clients. We'll do that as well this week but we're going to dive into some major economic headlines, as well [...]
July Market Update & Newsletter Welcome to summer - and all the fun associated with it! What does summer mean to you? Trips to the beach? Cookouts with family and friends? A trip to the local winery or micro-brewery? Baseball games? How about amusement parks? I don't know about you but when I'm at an amusement park, [...]
The market has absolutely shifted, but don't expect a sea of change, at least here in NOVA. The last 6 weeks or so have brought a perfect storm of a stock market crash, a precipitous rise in interest rates, and a bunch of buyers tired of writing great contracts and being told it [...]
June Newsletter and Market Update Lately, we’ve been having conversations with each other, our clients, and other elite professionals in the industry, both locally and around the country, to better understand what is happening today in the real world and the Northern Virginia real estate market. Think Wall Street Journal, not CNBC. There [...]
March Newsletter and Market Update For me, the word of the month is ‘strategize’…and that’s because the real estate market is moving fast and furiously. If you don’t have a strategy, you will not be adequately positioned as a seller or a buyer. If you are a seller, do you fix up your [...]
February Newsletter and Market Update Didn't that feel like the fastest January ever? I blinked, and it is already February. It seems like we were just celebrating New Year's Day yesterday. It must be the pace of the real estate market that makes time fly. This January's housing market has been the hottest [...]
Market Update Happy New Year to you and yours! We are kicking off the new year with some serious demand for housing in the Northern Virginia real estate market. Anecdotally based upon the last two weeks of the year with our franchise, we are looking at a market that mirrors the nuttiness of [...]
Market Update Wow, it is the holiday season already! This year has gone by so fast. I hope you had a great time with your family over Thanksgiving and continue to enjoy this month full of fun for the upcoming holidays and into the New Year. As I run into family and friends [...]