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 [...]
Finally a bump in inventory! It's all about context as we are at 1,961 listings in the NOVA area, which is about a third of what we'd like to see, but that is up 11% from 2 weeks ago! We'll take it! So what is behind that primarily? Segue to some market trends [...]
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 [...]
No "Bubble" Coming in the NOVA/DC area This sentiment from me is likely not new to those of you who regularly follow my blogs, but today I've got some incredibly reassuring numbers to enlighten you with. For starters, let's look at the current loan and equity positions of Americans. Seriously delinquent loans are at [...]
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 [...]
The REAL effect of interest rates on the market People think of the effect of interest rates on purchasing power, and thus demand and pricing, and that is true and important but it doesn't lay out the full picture. Every 1% decline in rates brings 5 million more prospective buyers into play (and [...]
July Market Update & Newsletter As we enter the Dog Days of Summer, how will the real estate market respond? Many are predicting that we will experience a typical seasonal slowdown. However, buyer demand is expected to continue, and sales are projected to stay on course. It remains uncertain whether more sellers will put their homes [...]
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 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 [...]
9 New Kitchen Island Designs Kitchen Islands In....Formal Dining Rooms Out! When one of my friends/clients expanded their kitchen into their dining room area and installed an enormous kitchen island I dubbed "Greenland", little did I know she was ahead of the curve on design trends. With more folks working from home and [...]