November Market Update and Newsletter I’ve heard people say the market is “stuck in the mud.” Personally, I think we’re in an eddy, and the river is making up its mind about which way to flow based on the conflicting currents. To wit: Sales are stagnant, inventory continues to decline, yet rates are [...]
It's mid-October, but the Fall Market showed up a month ago! Folks, the data is speaking, and all the anecdotal evidence we're seeing here at Gateway is confirming it. We normally see things slow down the first or second week of November with the holidays on the horizon, but this year, it looks [...]
October Market Update and Newsletter What’s Really Happening with Interest Rates and Housing The Federal Reserve recently lowered interest rates by a quarter of a point. While this was big news in the financial world, it’s important to understand what it really means for the housing market. A common misconception is that when [...]
September Market Update and Newsletter From frenzy to balance: what today’s market means for you As summer comes to a close, we’re beginning to see the real estate market shift out of the unpredictable patterns we’ve experienced these past few months. The market in Northern Virginia has felt like a roller coaster ride [...]
The Fed dropped their rate and mortgage rates went.....up! What the heck!? If you are a regular reader, you've likely heard me say repeatedly that the Fed doesn't set mortgage rates in general, and not through their overnight rate, although their open market activities certainly impact the direction and scope of movement. Their [...]
The Bureau of Labor Statistics Dropped the Ball Again! This is a massive understatement. The BLS has done it again. They just discovered that, "oops", during the last reporting year from April 2024 to March 2025 (10 months of Biden, 2 months of Trump) that the economy actually produced a staggering 911,000 fewer jobs than [...]
What a nice way to celebrate Labor Day! Special thanks to all my clients that helped me to a top 50 finish amongst all the RE/MAX agents in Virginia. It's an acknowledgement of the labor we engaged in as a team to bring about so many successful real estate endeavors. It's super cool [...]
August Market Update and Newsletter Is the Northern Virginia Real Estate Market Frozen? The Northern Virginia real estate market continues to move through one of the most peculiar periods in recent memory - one defined by contradiction, hesitation, uncertainty, and in some instances intense competition. Why, you may ask? There are several factors [...]
The market is on vacation along with us....sort of You know we are heading towards a more balanced market when the normal annual ebbs and flows of the calendar manifest themselves in the market. We are back to the last week of July and the first 3 weeks or so of August being [...]
Why Aren't You Moving? In the 1950s and 60's, some 20% of Americans moved each year. That rate has been declining steadily since I got into the business 36 years ago, and has now dropped the last two years to a staggeringly low rate of about 7.8%. That means we went from moving [...]